Corbion successfully completes subordinated US Private Placement of € 100 million
December 01 2021 - 1:00AM
Corbion successfully completes subordinated US Private Placement of
€ 100 million
Corbion has succesfully placed subordinated US Private
Placement (USPP) Notes with 4 institutional investors. The issuance
of €100 million consists of two tranches, €16
million at a fixed coupon rate of 1.77% and €84
million at a fixed coupon rate of 2.01% with maturities of 5 and 7
years, respectively.
The proceeds will be used to repay borrowings under the current
€ 300 million Revolving Credit Facility and for general corporate
purposes. This program will further optimise the maturity
profile of Corbion’s outstanding debt.
- 20211201 USPP_SubordNotes ENG
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