By Wendy Van Sickle
Columbus, Ohio, July 31 Ferrari NV completed a private placement to U.S. investors of 300 million of senior notes in two tranches, according to a news release issued on Wednesday.
The company placed 150 million of 1.12% senior notes due 2029 and 150 million of 1.27% senior notes due 2031.
Proceeds will be used for general corporate purposes, including funding capital expenditures contemplated in Ferraris 2018-2022 plan.
Ferrari is a luxury sports car manufacturer based in Maranello, Italy.
| Issuer: | Ferrari NV
|
| Issue: | Senior notes
|
| Amount: | 300 million
|
| Announcement date: | July 31
|
|
|
| 2029 notes
|
| Amount: | 150 million
|
| Maturity: | 2029
|
| Coupon: | 1.12%
|
|
|
| 2031 notes
|
| Amount: | 150 million
|
| Maturity: | 2031
|
| Coupon: | 1.27%
|
© 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.
