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Azelis taps banks, plans to sell €400 million five-year senior notes
By Paul A. Harris
Portland, Ore., March 6 – Belgium-based Azelis mandated Goldman Sachs and JPMorgan to lead a €200 million offering of five-year senior notes (expected ratings BB+/BB+), according to market sources.
Investor calls were scheduled to commence on Monday.
The notes come with two years of call protection.
The Antwerp-based specialty chemicals and food ingredients supplier plans to use the proceeds for general corporate purposes, including bolt-on mergers and acquisitions, as well as to refinance debt.
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