New York, June 28 – Argan priced a €130 million offering of bonds due 2023 with a 3¼% coupon, according to an announcement from the company.
Banque Degroof Petercam SA was the bookrunner for the offering, which was sold as a private placement in Europe outside France.
Proceeds will be used to refinance a €65 million 5½% bond due in November 2018 and to finance growth.
Argan is a Neuilly-sur-Seine, France-based company specializing in the development and rental of premium warehouses.
| Issuer: | Argan
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| Issue: | Bonds
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| Amount: | €130 million
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| Maturity: | July 4, 2023
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| Coupon: | 3¼%
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| Bookrunner: | Banque Degroof Petercam SA
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| Announcement date: | June 28
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| Settlement date: | July 4
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