By Lisa Kerner
Charlotte, N.C., Oct. 19 - Symrise AG announced it concluded the private placement of a $175 million 10-year senior term note with Prudential Investment Management Inc. as part of a refinancing effort aimed at early debt redemption.
Symrise said the note has a coupon of 170 basis points above the 10-year U.S. Treasury.
The refinancing also includes a €300 million issue of 4.125% seven-year bonds and a revolving credit facility.
Symrise is a supplier of fragrances and flavorings based in Holzminden, Germany.
| Issuer: | Symrise AG
|
| Issue: | Senior term note
|
| Amount: | $175 million
|
| Maturity: | 10 years
|
| Coupon: | 10-year U.S. Treasury plus 170 bps
|
| Investor: | Prudential Investment Management Inc.
|
| Distribution: | Private placement
|
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