Amer Sports places €100 million Schuldschein loans; Gladstone issues $10.2 million bond

By Lisa Kerner

Charlotte, N.C., Jan. 9 – Amer Sports Corp. announced it issued five-year Schuldschein loan agreements with a total value of €100 million.

The loans have €15 million of fixed-rate tranches and €85 million of floating-rate tranches.

“Amer Sports utilized the favorable market situation by partially refinancing the €150 million bond maturing in June 2015 ahead of its contractual schedule,” group treasurer Esko Heinälehto said in a company news release.

Landesbank Hessen-Thüringen acted as the bookrunner.

Amer Sports is a Helsinki, Finland-based sporting goods company.

On Jan. 5, Gladstone Land Corp. issued $10.2 million under a secured bond purchase agreement with Federal Agricultural Mortgage Corp. for up to $75 million of borrowings.

Proceeds will be used toward the $17 million purchase of a 331-acre strawberry farm in Salinas, California.

The bond is non-amortizing, has a five-year term and bears interest at a fixed rate of 3.25% per annum, according to an 8-K filing with the Securities and Exchange Commission.

In December, Gladstone initially issued about $3.7 million under the Farmer Mac agreement to repay existing debt and for general corporate purposes.

McLean, Va.-based Gladstone Land is a real estate investment trust that pays monthly distributions to its stockholders.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.