Louis Dreyfus Company (LDC) B.V. announced a successful 300 mill. $, six-year, senior bond transaction with a 5.25% coupon.
Application has been made to list the instruments on the Luxembourg Stock Exchange’s regulated market. The offering is expecte[ds_preview]d to close on June 13, subject to customary closing conditions.
»As we continue to deliver consistently on our plans, investors have recognized our commitment and once again demonstrated their confidence in our strategy, and the positive long-term perspectives for our industry,« said Gonzalo Ramírez Martiarena, Chief Executive Officer of Louis Dreyfus Company. »We would like to thank them for their interest, which has resulted in orders exceeding 2.5 bill. $«.
This transaction will enable LDC to maintain diversified sources of long-term funding, extending its debt maturity profile, said the company in its announcement. LDC intends to use the net proceeds for general corporate purposes, such as funding investments in line with its business strategy and refinancing existing debt.
ABN AMRO, HSBC, J.P. Morgan and Natixis are joint lead managers on the deal.
