SCHMOLZ+BICKENBACH AG:
High Yield Bond 2012 – 2019 issued by SCHMOLZ+BICKENBACH Luxembourg S.A.
SCHMOLZ+BICKENBACH AG today priced its EUR 258,000,000 Senior Secured Notes due 15 May 2019. The Notes were priced at 96.957% of their principal amount and will bear interest at a rate of 9.875% per annum paid semi-annually on 15 May and 15 November, commencing on 15 November 2012. The company intends to use the entire net proceeds from the offering to repay parts of its outstanding debt under its senior secured credit facilities. Delivery of the Senior Secured Notes against payment is expected to occur on or around 16 May 2012. With the Senior Secured Notes, SCHMOLZ+BICKENBACH AG is able to diversify its funding structure and significantly extend its maturity profile. The Senior Secured Notes are expected to be listed on the Luxembourg Stock Exchange and to be traded on the Euro MTF market.
No comments:
Post a Comment