Brief: Carmila Issues New EUR 500 Million Bond

Carmila SA

02/10/2023 17:41

Oct 2 (Reuters) - Carmila SA  CARM.PA :
    * CARMILA: NEW €500 MILLION BOND ISSUE
    * TOTAL ORDERBOOK OF MORE THAN EUR 1.1 BILLION (2.2X
OVERSUBSCRIBED)
    * 5.5% COUPON OF THIS BOND ISSUE (5-YEAR SWAP RATE PLUS 218
BASIS
POINTS)
    * AVERAGE COST OF ACQUISITION DEBT OF APPROXIMATELY 5.3%
    * PROCEEDS OF BONDS WILL PRINCIPALLY BE USED TO FINANCE
ACQUISITION OF GALIMMO, TOTAL ACQUISITION PRICE OF WHICH IS EUR
294 MILLION
    * ACQUISITION CLOSING EXPECTED TO TAKE PLACE IN SUMMER OF
2024
    * COMPANY'S NEXT LONG TERM DEBT MATURITY IS THEN NOT UNTIL
MAY
2027
    * BOND ISSUE WILL ALSO BE SUFFICIENT TO COVER REPAYMENT OF
CARMILA'S OUTSTANDING BOND MATURING IN SEPTEMBER 2024
    * MATURING IN OCTOBER 2028

Source text for Eikon:  ID:nBwccdStma 
Further company coverage:  CARM.PA 

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