Chicago, Sept. 2 – Euronav NV placed $200 million of five-year senior notes with a 6¼% coupon, according to a press release from the company.
The notes were launched with a coupon of 6¼%, after being talked at 6¼% to 6½%. Initial guidance was in the 6½% area, based on information from a market source.
Bookrunners on the deal are DNB Markets, Nordea and Arctic Securities AS.
The offering was “significantly oversubscribed,” the company reported.
The notes come with four years of call protection.
The issuing entity is Euronav Luxembourg SA.
Proceeds will be used to refinance the Euronav Luxembourg 7½% senior notes due May 2022 and for general corporate purposes.
Euronav, based in Antwerp, Belgium, is a shipping company focused on petroleum transport.
| Issuer: | Euronav Luxembourg SA
|
| Guarantor: | Euronav NV
|
| Issue: | Senior bonds
|
| Amount: | $200 million
|
| Maturity: | September 2026
|
| Bookrunners: | DNB Markets, Nordea and Arctic Securities AS
|
| Coupon: | 6¼%
|
| Call option: | After four years
|
| Talk: | 6¼% to 6½%
|
| Trade date: | Sept. 2
|
|
|
|
|
© 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.
