SCHMOLZ + BICKENBACH announces EUR 150 million Notes offering

SCHMOLZ + BICKENBACH Luxembourg Finance S.A., an indirect subsidiary of the Company, plans to issue an additional EUR 150 million of Notes, which will have the same terms as, and form a single series with, the Issuer’s existing EUR 200 million Notes issued in April 2017. The Company intends to use the gross proceeds of the Offering (i) to repay outstanding debt under the Company’s senior secured syndicated revolving credit facility agreement, which was used in payments relating to the acquisition of the majority of the sites and facilities of Asco Industries S.A.S., including the related working capital build-up, and to generally fund seasonal fluctuation in working capital requirements, and (ii) to pay fees and expenses incurred in connection with the offering of the Notes.

Read more at SCHMOLZ + BICKENBACH announces EUR 150 million Notes offering.

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