R-Logitech begins €250 million private placement of five-year notes

By Paul A. Harris

Portland, Ore., Sept. 12 – R-Logitech S.A.M. announced in a Monday press release that it began an effort to privately place up to €250 million of five-year corporate bonds by means of a book-building process.

Existing institutional holders of the company’s 8˝% notes due 2023 will be offered the opportunity to exchange those notes for the new five-year bonds on a private placement basis.

Seaport Group Europe LLP, a subsidiary of Seaport Global Holdings LLC, is the lead placement agent.

BankM is the exchange agent and settlement agent.

Proceeds will be used to repay the 8˝% notes and for general corporate purposes.

Terms of the notes placement and exchange are expected to be announced during the Sept. 19 week.

R-Logitech, which is listed in Monaco, is an infrastructure and logistics services provider focused primarily on the natural resources sector. The parent organization is Monaco Resources Group S.A.M.

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