By Lisa Kerner
Charlotte, N.C., Oct. 19 - Takkt AG issued a €140 million Schuldschein bonded loan, upsized from €75 million due to strong demand.
Maturity periods of three and five years with fixed and variable interest rates were offered, according to a company news release.
Proceeds will be used to refinance an acquisition facility related to the Ratioform group completed in July.
Takkt said the transaction expands its investor scope and debt financing instruments.
The transaction was supported by Bayerische Landesbank and Landesbank Baden-Wuerttemberg.
Takkt is a multi-channel direct marketing group based in Stuttgart, Germany.
Issuer: | Takkt AG
|
Issue: | Schuldschein bonded loan
|
Amount: | €140 million
|
Maturities: | Three, five years
|
Coupon: | Fixed and variable rates
|
Distribution: | Private placement
|
© 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.