Brenntag successfully places Senior Unsecured Bond with Institutional investors
Global chemical distributor Brenntag AG (Mülheim an der Ruhr, Germany), recently announced that the group has successfully finalised the placement of a bond with warrant units due 2022, with a final issue size of USD 500 m and a coupon of 1.875% per annum
The offering was placed with institutional investors and significantly over-subscribed, according to the statement.
With this specific debt instrument Brenntag AG expects to “benefit … from attractive market opportunities for US Dollar funding”. The proceeds will be used for general corporate purposes including the financing of recently signed acquisitions, the company said.
Source: Brenntag press release, for details see http://www.brenntag.com/corporate/en/about-brenntag/media/news/brenntag-ag-finalizes-the-successful-placement-of-a-senior-unsecured-bond.jsp and http://www.brenntag.com/corporate/en/about-brenntag/media/news/brenntag-ag-to-issue-a-us-dollar-500-million-senior-unsecured-bond-with-warrant-units-due-2022.jsp
HGE – DCG / 23.12.2015