BMI Group S.àr.l.
Braas Monier Building Group S.A. announces offering of EUR435 million senior secured notes due 2021
DGAP-News: Braas Monier Building Group S.A. / Key word(s): Financing 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 offering of EUR435 million senior secured notes due 2021 Luxemburg, 6 June 2016. Braas Monier Building Group S.A. announced today that its subsidiary, BMBG Bond Finance S.C.A. (the “Issuer”), intends to offer (the “Offering”) EUR435.0 million aggregate principal amount of senior secured notes due 2021. The proceeds from the Offering, together with cash on balance sheet and the proceeds from drawings under a new revolving credit facility will be used to (i) fully repay the existing senior facilities agreement for Braas Monier Building Group S.A., (ii) redeem in full the Issuer’s outstanding senior secured floating rate notes due 2020, (iii) fund payments in respect of certain hedging agreements and (iv) pay certain fees and expenses incurred in connection with the Offering and the entry into the new revolving credit facility. There can be no assurance that the Offering will be completed. For further information, please contact: Achim Schreck DISCLAIMER
2016-06-06 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG. |
Language: | English | |
Company: | Braas Monier Building Group S.A. | |
4, rue Lou Hemmer | ||
1748 Senningerberg | ||
Grand Duchy of Luxembourg | ||
Internet: | www.braas-monier.com | |
ISIN: | LU1075065190 | |
WKN: | BMSA01 | |
Indices: | SDAX | |
Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart, Tradegate Exchange | |
End of News | DGAP News Service |