Following the extension of its €250m Syndicated Loan Facility in September 2013, Wild has issued seven-year senior notes carrying a coupon of 3.71% in the amount of US $160m and 10-year senior notes carrying a coupon of 4.40% in the amount of US $40m totalling US $200m.
The transaction was priced on 21 November 2013 with a deferred payment and settlement (closing) on 5 February 2014.
“This transaction marks yet another milestone in Wild’s development,” said Christoph Schmitz, global CFO, Wild. “It broadens Wild’s funding base and significantly improves our maturity profile, while providing sufficient resources for further growth.”
Citigroup Global Markets acted as the sole book-running placement agent on the transaction.
Source: Wild Flavors
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