New York, Feb. 1 – Ales Groupe announced that it raised €60 million from a euro private placement of bonds.
The debt was placed with maturities of six, seven and eight years.
European institutional investors were the investors in the oversubscribed transaction.
Ales said that the placement allowed it to finance the development of the company on attractive terms, to extend its debt maturities and to diversify its sources of financing.
Ales is a Paris-based cosmetics company.
| Issuer: | Ales Groupe
|
| Issue: | Bonds
|
| Amount: | €60 million
|
| Maturity: | Six, seven and eight years
|
| Announcement date: | Feb. 1
|
| Distribution: | Euro private placement
|
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