Edition:
United Kingdom

Salini Impregilo says placement of 5-years bond issue successfully closed


Friday, 24 Jun 2016 

Salini Impregilo SpA : Placement of 5-years bond issue successfully closed . Announces the successful placement to institutional investors of an unsecured bond offer for the total nominal amount of 428.3 million euros ($476.70 million) with a fixed interest rate coupon of 3.75 percent . A portion of the bond issued, for the nominal value of 128.3 million euros, will be allocated to the holders of 400 million euro notes due Aug. 1, 2018 that have joined the exchange offer . As a result of the exchange, the residual value of 400 million euro notes due Aug. 1, 2018 amounts to 283.1 million euros .The proceeds from the newly issued bond, amounting to 300 million euros, which were not the subject of exchange offer, will be used by Salini Impregilo to repay the bridge loan facility utilized for the acquisition of Lane. 

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