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Amer Sports places €100 million Schuldschein loans; Gladstone issues $10.2 million bond
By Lisa Kerner
Charlotte, N.C., Jan. 9 – Amer Sports Corp. announced it issued five-year Schuldschein loan agreements with a total value of €100 million.
The loans have €15 million of fixed-rate tranches and €85 million of floating-rate tranches.
“Amer Sports utilized the favorable market situation by partially refinancing the €150 million bond maturing in June 2015 ahead of its contractual schedule,” group treasurer Esko Heinälehto said in a company news release.
Landesbank Hessen-Thüringen acted as the bookrunner.
Amer Sports is a Helsinki, Finland-based sporting goods company.
On Jan. 5, Gladstone Land Corp. issued $10.2 million under a secured bond purchase agreement with Federal Agricultural Mortgage Corp. for up to $75 million of borrowings.
Proceeds will be used toward the $17 million purchase of a 331-acre strawberry farm in Salinas, California.
The bond is non-amortizing, has a five-year term and bears interest at a fixed rate of 3.25% per annum, according to an 8-K filing with the Securities and Exchange Commission.
In December, Gladstone initially issued about $3.7 million under the Farmer Mac agreement to repay existing debt and for general corporate purposes.
McLean, Va.-based Gladstone Land is a real estate investment trust that pays monthly distributions to its stockholders.
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