New Issue: Corbion places $125 million 4.17% 10-year note to U.S. investors

By Lisa Kerner

Charlotte, N.C., Dec. 30 – Corbion issued a $125 million 4.17% 10-year note in a private placement with four institutional investors.

A portion of the proceeds will be used to replace an $85 million U.S. private placement that matured in October, according to a news release.

Of the company’s 2010 private placement, $42 million remains outstanding.

Corbion said that the U.S. private placement program, combined with its available revolving credit facilities, gives the company “the necessary flexibility in our funding needs to execute our investment plans in the coming years.”

Based in Amsterdam, Corbion is a global market leader in lactic acid, lactic acid derivatives and lactides and a leading company in emulsifiers, functional enzyme blends, minerals and vitamins.

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