By Reshmi Basu and Paul A. Harris
New York, May 5 - Agrokor dd priced its €100 million add on to its 11% senior secured notes due 2007 (B1/B+) at 102.333, according to market sources.
Proceeds will be used to refinance debt and for general corporate purposes.
Deutsche Bank is the bookrunner on the Regulation S issue for the Croatian food company.
The issue will be listed on the Luxembourg and Zagreb Stock Exchanges.
The original €130 million issue priced on March 13, 2002 at par.
Issuer: Agrokor
| Amount: | €100 million add-on
|
| Original amount: | €130 million
|
| Issue: | Senior secured notes
|
| Maturity: | April 3, 2007
|
| Coupon: | 11% |
|
| Issue price: | 102.333
|
| Call: | Non-callable
|
| Pricing date: | May 5
|
| Bookrunner: | Deutsche Bank
|
| Ratings: | Moody's: B1
|
| Standard and Poor's: B+
|
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