By Lisa Kerner
Charlotte, N.C., July 1 - Arcadis NV announced it privately placed $90 million of five-year 5% notes with four investors in the U.S. market.
Proceeds will be used to replace maturing bank debt, according to a company news release.
"With this step we further diversify our sources of financing and extend the maturity profile of our debt," said chief financial officer Renier Vree in a news release.
Rabobank assisted with the transaction.
The global engineering and consultancy firm is based in Amsterdam.
| Issuer: | Arcadis NV
|
| Issue: | Notes
|
| Amount: | $90 million
|
| Coupon: | 5%
|
| Maturity: | Five years
|
| Distribution: | Private placement
|
© 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.
