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IFCO Systems to sell €110 million seven-year notes
St. Louis, Sept. 18 - IFCO Systems NV announced Thursday that its board of directors passed a resolution authorizing the placement of €110 million of bonds due 2010.
Proceeds will be used to refinance IFCO's existing senior credit facility and provide the company with additional cash.
The company intends to list the securities on the Luxembourg Stock Exchange.
The company is based in Amsterdam.
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