Albea Beauty to refinance 8¾%, 8 3/8% bonds via credit facility

By Wendy Van Sickle

Columbus, Ohio, March 9 – Albea Beauty Holdings SA plans to refinance its outstanding U.S. dollar 8¾% bonds due 2019 and euro 8 3/8% bonds due 2019 with proceeds of a new $921 million senior secured credit facility, according to a news release.

Proceeds will also be used to refinance certain other amounts due under the bonds, to make a dividend, redemption or return of capital to shareholders, to repay other debt and to fund transaction expenses.

BNP Paribas and Goldman Sachs International are the joint global coordinators on the credit facility and are mandated lead arrangers and joint bookrunners with Credit Agricole CIB and HSBC Bank.

Albea is a France-based packaging company for the make-up, fragrance, skincare, personal and oral care markets.

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