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Germany’s Troplast to sell €330 million five-year secured notes
By Rebecca Melvin
New York, June 25 – HT Troplast GmbH is pricing €330 million of five-year senior secured notes (expected ratings: B3/B-), according to a London Stock Exchange notice on Thursday.
The notes are non-callable for two years, and they were expected to price later in the session and be listed on the International Stock Exchange.
J.P. Morgan Securities plc (stabilization manager) and Morgan Stanley are managers of the deal.
The company makes plastics and synthetic materials and is based in Germany.
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