Chicago, July 20 – Impax Environmental Markets plc a privately placed a €60 million debt issue with Pricoa Private Capital, according to a notice.
The deal breaks down into a €20 million tranche due in 2030 at Euribor plus 135 basis points, a €30 million tranche due in 2033 with a 4.48% coupon and €10 million of notes due 2035 with a 4.63% coupon.
The funding date will be Sept. 1.
Pricoa is part of PGIM, Inc.
Centrus Financial Advisors Ltd. acted as arranger.
Proceeds will be used to repay drawn debt of $32.2 million and £25 million provided by Bank of Nova Scotia which matures on Sept. 6.
London-based Impax is an investment trust focused on the energy, waste and water sectors.
| Issuer: | Impax Environmental Markets plc
|
| Amount: | €60 million
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| Issue: | Notes
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| Arranger: | Centrus Financial Advisors Ltd.
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| Announcement date: | July 20
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| Settlement date: | Sept. 1
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| Distribution: | Private placement
|
|
|
| 2030 notes
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| Amount: | €20 million
|
| Maturity: | Sept. 1, 2030
|
| Coupon: | Euribor plus 135 bps
|
|
|
| 2033 notes
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| Amount: | €30 million
|
| Maturity: | Sept. 1, 2033
|
| Coupon: | 4.48%
|
|
|
| 2035 notes
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| Amount: | €10 million
|
| Maturity: | Sept. 1, 2035
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| Coupon: | 4.63%
|
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