By Devika Patel
Knoxville, Tenn., July 25 – AptarGroup, Inc. settled a €300 million private placement of senior notes in two parts on July 19, according to an 8-K filing with the Securities and Exchange Commission.
The €100 million 0.98% note is due July 19, 2023, and the €200 million 1.17% note is due July 19, 2024. Both notes have a make-whole call.
Merrill Lynch, Pierce, Fenner & Smith Inc. was the placement agent.
Proceeds will be used for business development, capital expenditure, acquisitions or share repurchases.
AptarGroup is a Crystal Lake, Ill.-based supplier of dispensing systems for the fragrance/cosmetic, personal care, pharmaceutical, household and food/beverage markets.
| Issuer: | AptarGroup, Inc.
|
| Issue: | Senior notes
|
| Amount: | €300 million
|
| Call: | Make-whole at Bunds plus 50 bps
|
| Agent: | Merrill Lynch, Pierce, Fenner & Smith Inc.
|
| Settlement date: | July 19
|
| Distribution: | Private placement
|
|
|
| Series D notes
|
| Amount: | €100 million
|
| Maturity: | July 19, 2023
|
| Coupon: | 0.98%
|
|
|
| Series E notes
|
| Amount: | €200 million
|
| Maturity: | July 19, 2024
|
| Coupon: | 1.17%
|
|
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
