IFCO Systems announces €180 million offering of bonds due 2016

By Paul A. Harris

St. Louis, June 2 - IFCO Systems NV plans to sell €180 million of bonds due 2016, according to a Tuesday press release.

Proceeds will be used to pay down the Amsterdam-based logistics provider's 10 3/8% guaranteed senior secured notes due 2010 and to pay down its existing revolving credit facility.

The notes are expected to be listed on the Luxembourg Stock Exchange.

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