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Published on 8/14/2013 in the Prospect News High Yield Daily.

New Issue: Remy Cointreau unit sells €65 million of 4% guaranteed bonds due 2023

By Marisa Wong

Madison, Wis., Aug. 14 - Financiere Remy Cointreau SA/NV issued on Tuesday €65 million of 4% bonds guaranteed by parent company Remy Cointreau SA, according to a press release.

The 10-year bonds were sold to international institutional investors through a Regulation S offering.

The issue will allow the company to strengthen its resources and extend its debt maturity, the release said.

The wine and spirits distributor is based in Cognac, France.

Issuer:Financiere Remy Cointreau SA/NV
Guarantor:Remy Cointreau SA
Issue:Fixed-rate bonds
Amount:€65 million
Maturity:10 years
Coupon:4%
Distribution:Regulation S
Settlement date:Aug. 13

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