Corbion signed US$ 170 million US Private Placement Notes
Corbion has signed a US Private Placement (USPP) Notes program with 5 institutional investors. The issuance of US$ 170 million under this program consists of two tranches of each US$ 85 million with maturities of 7 and 10 years with a fixed interest rate of 2.12% and 2.43%.
The proceeds will be used to repay borrowings under the current € 300 million Revolving Credit Facility and for general corporate purposes.
This program will further optimise the maturity profile of Corbion’s outstanding debt, and will provide maximum flexibility under the current € 300 million Revolving Credit Facility.
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