Brief: Corbion Successfully Completes Subordinated US Private Placement Of EUR 100 Mln

Corbion NV

01/12/2021 06:06

Dec 1 (Reuters) - CORBION NV  CORB.AS :
    * CORBION SUCCESSFULLY COMPLETES SUBORDINATED US PRIVATE
PLACEMENT
OF € 100 MILLION
    * THE PROCEEDS WILL BE USED TO REPAY BORROWINGS UNDER THE
CURRENT
€ 300 MILLION REVOLVING CREDIT  FACILITY AND FOR GENERAL
CORPORATE PURPOSES
    * ISSUANCE OF EUR 100 MILLION CONSISTS OF TWO TRANCHES, EUR
16
MILLION AT A FIXED COUPON RATE OF 1.77% AND EUR 84 MILLION AT A
FIXED COUPON RATE OF 2.01% WITH MATURITIES OF 5 AND 7 YEARS,
RESPECTIVELY
    * THIS PROGRAM WILL FURTHER OPTIMISE THE MATURITY PROFILE OF
CORBION’S OUTSTANDING DEBT

Source text for Eikon:  ID:nGNE68HvRs 
Further company coverage:  CORB.AS 

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