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Gestamp plans €750 million equivalent note offering in two tranches
By Paul Deckelman and Aleesia Forni
Virginia Beach, Va., April 22 - Gestamp Automocion, SA is planning a €750 million equivalent note offering due 2020, according to a market source.
The notes will be issued in dollar- and euro-denominated tranches by Gestamp Funding Luxembourg SA and will be non-callable for three years.
Deutsche Bank Securities Inc. is the bank on the deal.
The Abadino, Spain-based company manufactures metal components and structural systems for the automotive industry.
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