BMI Group S.àr.l.
Braas Monier Building Group S.A. announces pricing of EUR435 million 3.000% senior secured notes due 2021
DGAP-News: Braas Monier Building Group S.A. / Schlagwort(e): Finanzierung NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO AUSTRALIA, CANADA, JAPAN OR IN ANY OTHER JURISDICTION WHERE IT IS UNLAWFUL TO DISTRIBUTE THIS ANNOUNCEMENT. Braas Monier Building Group S.A. announces pricing of EUR 435 million 3.00% senior secured notes due 2021 Luxembourg, 8 June 2016. Braas Monier Building Group S.A. (“Braas Monier”) announced that its subsidiary, BMBG Bond Finance S.C.A. (the “Issuer”), has today priced an offering of EUR 435.0 million senior secured notes due 2021 with a coupon of 3.00% per annum (the “Notes”). The Notes will be issued at 100% of their nominal value. The proceeds from the offering of the Notes, together with cash on balance sheet and the proceeds from drawings under a new revolving credit facility will be used to optimize Braas Monier’s capital structure by (i) fully repaying Braas Monier’s existing senior facilities agreement, (ii) redeeming in full the Issuer’s outstanding senior secured floating rate notes due 2020, (iii) funding payments in respect of certain interest rate swaps and (iv) paying fees and expenses incurred in connection with the offering of the Notes and the entry into the new revolving credit facility. There can be no assurance that the offering of the Notes will be completed. Alongside the Notes, a new revolving credit facility in an amount of EUR 200.0 million maturing in 2021 (expected to be drawn by approximately EUR 108 million at closing to cover seasonal working capital requirements) will add to Braas Monier’s liquidity and financial flexibility. For further information, please contact: Achim Schreck DISCLAIMER
2016-06-08 Veröffentlichung einer Corporate News/Finanznachricht, übermittelt durch DGAP – ein Service der EQS Group AG. |
Sprache: | Deutsch | |
Unternehmen: | Braas Monier Building Group S.A. | |
4, rue Lou Hemmer | ||
1748 Senningerberg | ||
Großherzogtum Luxemburg | ||
Internet: | www.braas-monier.com | |
ISIN: | LU1075065190 | |
WKN: | BMSA01 | |
Indizes: | SDAX | |
Börsen: | Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, München, Stuttgart, Tradegate Exchange | |
Ende der Mitteilung | DGAP News-Service |