By Wendy Van Sickle
Columbus, Ohio, Feb. 22 – Neopost SA raised $86.5 million and €135 million under a Schuldschein German-law private placement, according to a press release.
The transaction, which the company said was well oversubscribed, repays existing lines and extends the maturity of the group's debt.
Of the debt, 20% matures in three years and has a credit margin of 1.1% on euro-denominated debt; 40% matures in five years and has a credit margin of 1.4% on euro-denominated debt; and 40% matures in six years and has a credit margin of 1.55% on euro-denominated debt.
One-third of funds were raised at a fixed-rate and two-thirds at a variable-rate.
Paris-based Neopost is a manufacturer of postage meters and mailroom equipment.
| Issuer: | Neopost SA
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| Issue: | Schuldschein program
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| Amount: | $86.5 million and €135 million
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| Maturities: | Three, five and six years
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| Distribution: | Private placement
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