By Susanna Moon
Chicago, Nov. 8 - Goodman Group said it priced its inaugural $325 million of 6.375% 10-year senior notes (Baa3/BBB/) in the United States under Rule 144A and Regulation S.
Proceeds of the issue will be exchanged into euro and pound sterling to repay debt.
"This debt issue extends our maturity profile, as well as diversifying our sources of capital away from our traditional lenders," Goodman chief financial officer Nick Vrondas said in a press release.
Goodman is an industrial property group based in Sydney, Australia.
| Issuer: | Goodman Group
|
| Issue: | Senior notes
|
| Amount: | $325 million
|
| Maturity: | 10 years
|
| Coupon: | 6.375%
|
| Distribution: | Rule 144A and Regulation S
|
| Trade date: | Nov. 8
|
| Ratings: | Moody's: Baa3
|
| Standard & Poor's: BBB
|
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