Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers L > Headlines for Lincoln Electric Holdings, Inc. > News item |
Lincoln Electric places $350 million; Farmland sells 10-year bond; Synthos announces issue
By Lisa Kerner
Charlotte, N.C., April 1 – Lincoln Electric Holdings, Inc. will issue four tranches of senior notes totaling $350 million in a private placement.
The company will issue $100 million of 3.15% series A notes due 2025 and $100 million of 3.35% series B notes due 2030 on Aug. 20.
Lincoln will issue $50 million of 3.61% series C notes due 2035 and $100 million of 4.02% series D notes due 2045 on April 1.
Lincoln Electric is a Cleveland-based manufacturer of welding products.
Farmland Partners Inc. issued a $14.9 million 10-year interest-only bond with a fixed interest rate of 3.69% as part of its previously announced $150 million secured note purchase facility with the Federal Agricultural Mortgage Corp.
The bond will extend the company’s debt maturity and provide capital for acquisitions, a news release said.
Denver-based Farmland Partners is a real estate investment trust that owns and acquires row crop farmland.
York Traditions Bank issued $5 million of 6.25% 10-year subordinated notes on Friday to institutional investors, according to a news release.
Proceeds were used by the York, Pa.-based bank to repay $5.12 million of preferred stock on Tuesday.
Ambassador Financial Group, Inc. was the placement agent.
Synthos SA subsidiary Synthos Finance AB will issue €50 million of additional 4% senior notes (Ba2/BB/) due Sept. 30, 2021.
The notes will be an add-on to the €350 million of notes issued in September, according to a news release.
Synthos produces synthetic rubber and styrenics. It is based in Oswiecim, Poland.
© 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.