By Wendy Van Sickle
Columbus, Ohio, Nov. 21 Eramet SA sold 300 million of 5 7/8% bonds due May 21, 2025, according to a news release.
The offer was announced concurrently with a cash tender offer for Eramets 525 million bonds due November 2020, of which 460.1 million was outstanding.
The company reported on Thursday that it took in tenders of 226.6 million of the bonds in that offer, which was funded by proceeds of the new issuance. Remaining proceeds are slated for general corporate purposes.
The mining and metallurgy company is based in Paris.
| Issuer: | Eramet SA
|
| Issue: | Bonds
|
| Amount: | 300 million
|
| Maturity: | May 21, 2025
|
| Coupon: | 5 7/8%
|
| Announcement date: | Nov. 21
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
