By Lisa Kerner
Charlotte, N.C., May 27 - Séché Environnement issued €50 million of bonds to institutional investors in a private placement as part of its plan to refinance debt.
The bonds were issued on May 22 in two tranches:
• €25 million of five-year bonds; and
• €25 million of seven-year bonds.
Séché will use the funds from the first tranche, underwritten by Amundi, to refinance €25 million issued in April 2012, according to a company news release.
The funds from the second tranche will finance the group's growth and general expenses.
Based in Paris, Séché operates facilities for the treatment and storage of all types of non-radioactive industrial and household waste in France.
| Issuer: | Séché Environnement
|
| Issue: | Bonds
|
| Amount: | €50 million
|
| Settlement: | May 22
|
| Distribution: | Private placement
|
| Purchasers: | Institutional investors
|
|
|
| Five-year bonds
|
| Amount: | €25 million
|
| Maturity: | May 22, 2019
|
|
|
| Seven-year bonds
|
| Amount: | €25 million
|
| Maturity: | May 22, 2021
|
© 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.
