(CercleFinance.com) – Tikehau Capital announces that it has set the terms of an inaugural private placement of $180 million on the American market (USPP), a private placement structured in two tranches with maturities of 10 and 12 years, the longest ever reached by the group.
‘The proceeds of this financing are intended to be used in strict compliance with the allocation framework (Sustainable Bond Framework) set up by the group as part of its first sustainable bond issued in March 2021’, specifies the manager of alternative assets.
At the end of the operation, 63% of the group’s debt will be subject to sustainable criteria and the average maturity of its debt will be increased to 5.5 years. The transaction is expected to close on March 31, subject to customary conditions.