IFCO Systems €110 million seven-year notes via Deutsche Bank Securities

By Paul A. Harris

St. Louis, Sept. 24 - IFCO Systems NV's offering of €110 million eurobonds due 2010 will come to market via bookrunner Deutsche Bank Securities, according to a market source.

Timing and structural details of the Rule 144A deal remain to be determined.

On Sept. 18 the company announced that its board of directors passed a resolution for the placement of the offering.

Proceeds will be used to refinance IFCO's existing senior credit facility and provide the company additional cash.

The company is based in Amsterdam.

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