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Greece's Yioula Glassworks withdraws €165 million secured notes offer, cites market conditions
By Paul A. Harris
Portland, Ore., Feb. 10 - Yioula Glassworks SA announced in a Monday press release that due to market conditions it has chosen not to proceed at this time with a possible debt capital markets transaction.
As was reported, the Greece-based glass container manufacturer was in discussions with investors about a proposed €165 million offering of senior secured notes due 2020 via bookrunner Citigroup.
Proceeds were to have been used to refinance debt and for general corporate purposes.
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