BONDS: Elis signs USPP financing with a 10-year maturity for 175 million dollars | Photo credits: Elis
PARIS (Agefi-Dow Jones)–The industrial laundry group Elis announced on Wednesday that it had signed a new financing in USPP format (“US Private Placement”) for an amount of 175 million dollars with a group of American investors led by barings.
The new bonds issued have a maturity of 10 years (June 2032) and offer investors a coupon of 4.32% in dollars, the group said in a press release. “These were fully converted into euros for a total amount of 159 million euros by Elis, which will pay a final euro coupon of 3%,” he added.
“Coupled with the proceeds of the recent €300 million bond issue maturing in May 2027, this new USPP financing will be dedicated to the refinancing of the €450 million bond series maturing on February 15, 2023 and repayable without penalty at from November 15, 2022,” Elis said.
-Eric Chalmet, Agefi-Dow Jones; +33 (0)1 41 27 47 95; [email protected] ed: LBO
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June 01, 2022 12:46 ET (16:46 GMT)