By Lisa Kerner
Charlotte, N.C., April 11 - Arseus NV priced $185 million of notes in the U.S. private placement market.
The oversubscribed offer was initially for $100 million, a company news release stated.
According to Arseus, the offer consists of several tranches with maturities of three, five and seven years in both U.S. dollars and euros, with an average annual fixed interest rate that is 4.6%.
The transaction is expected to close on April 15.
Proceeds will be used to partly repay existing loans and to finance acquisitions.
ING Financial Markets LLC acted as the sole placement agent and was a joint bookrunner along with Commerzbank.
Arseus is a scientific research and development company and part of Arseus BV, based in Rotterdam in the Netherlands.
| Issuer: | Arseus NV
|
| Issue: | Notes
|
| Amount: | $185 million
|
| Maturity: | Three, five, seven years
|
| Average interest rate: | 4.6%
|
| Pricing date: | April 11
|
| Settlement date: | April 15
|
| Distribution: | Private placement
|
| Agent: | ING Financial Markets LLC
|
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