By Angela McDaniels
Tacoma, Wash., July 14 - Oriflame Cosmetics SA issued $195 million and €25 million of notes in a private placement, according to a company news release.
The notes mature in 2018, 2021 and 2023.
HSBC Securities (USA) Inc. was the bookrunner and lead placement agent, and Nordea and SEB were co-agents.
The proceeds from the dollar-denominated notes were swapped into euros. As a result of the placement, the company's €100 million one-year revolving facility will be canceled.
The company said the transaction was more than two times oversubscribed.
In April 2010, the company placed $165 million of notes maturing in 2015, 2017 and 2020.
Oriflame Cosmetics is a direct seller of beauty products. It is based in Malmo, Sweden.
| Issuer: | Oriflame Cosmetics SA
|
| Issue: | Notes
|
| Amount: | $195 million and €25 million
|
| Maturities: | 2018, 2021 and 2023
|
| Agents: | HSBC Securities (USA) Inc. (bookrunner and lead agent), Nordea, SEB (co-agents)
|
| Announcement date: | July 14
|
| Distribution: | Private placement
|
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