Oriflame Cosmetics completes a $165m issue of Private Placement Notes
(Thomson Reuters ONE) -
Oriflame is pleased to announce the successful completion of a $165m issue of
private placement notes. Oriflame chose to enter the private placement market in
order to diversify its funding base. The transaction was very well received by
investors and was close to two times oversubscribed. The notes mature in
2015, 2017 and 2020.
"This is very much in line with a strategic decision to diversify Oriflame's
sources of debt finance, to complement our bank funding, and to create a long
term funding profile," comments Gabriel Bennet, Chief Financial Officer.
The Royal Bank of Scotland acted as sole Agent and managed the hedging process
to swap the financing to EUR.
For additional information, please contact:
Gabriel Bennet, CFO +41 798 263 713
Patrik Linzenbold, IR Director +46 765 42 27 09
Siobhán Duffy, RBS +44 7788 426 433
[HUG#1405871]
PDF: http://hugin.info/134730/R/1405871/359497.pdf
Unternehmensinformation / Kurzprofil:
Datum: 21.04.2010 - 07:00 Uhr
Sprache: Deutsch
News-ID 19371
Anzahl Zeichen: 0
contact information:
Town:
Stockholm
Kategorie:
Business News
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