By Taylor Fox
New York, Nov. 5 – Boulder Growth & Income Fund, Inc. issued $225 million of senior unsecured notes in a private placement to certain accredited investors, according to a news release.
The notes were issued Thursday in three series.
The company issued $85 million of 2.62% 10-year notes.
It issued $85 million of 2.72% 12-year notes.
Finally, it sold $55 million of 2.87% 15-year notes.
Proceeds will be used for making new portfolio investments and for general corporate purposes.
Boulder is a non-diversified closed-end investment company based in Denver, Colo.
| Issuer: | Boulder Growth & Income Fund, Inc.
|
| Amount: | $225 million
|
| Issue: | Senior unsecured notes
|
| Placement date: | Nov. 5
|
| Ratings: | Fitch: A
|
| Distribution: | Private placement
|
|
|
| 2.62% notes
|
| Amount: | $85 million
|
| Maturity: | Nov. 5, 2030
|
| Coupon: | 2.62%, payable semiannually
|
|
|
| 2.72% notes
|
| Amount: | $85 million
|
| Maturity: | Nov. 5, 2032
|
| Coupon: | 2.72%, payable semiannually
|
|
|
| 2.87% notes
|
| Amount: | $55 million
|
| Maturity: | Nov. 5, 2035
|
| Coupon: | 2.87%, payable semiannually
|
|
|
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