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...

Gorinchem, 01/12/2021 (informazione.news - comunicati stampa - cibi e bevande)

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.

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