By Wendy Van Sickle
Columbus, Ohio, Nov. 21 Eramet SA sold 300 million of 5 7/8% bonds due May 21, 2025, according to a news release.
The offer was announced concurrently with a cash tender offer for Eramets 525 million bonds due November 2020, of which 460.1 million was outstanding.
The company reported on Thursday that it took in tenders of 226.6 million of the bonds in that offer, which was funded by proceeds of the new issuance. Remaining proceeds are slated for general corporate purposes.
The mining and metallurgy company is based in Paris.
Issuer: | Eramet SA
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Issue: | Bonds
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Amount: | 300 million
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Maturity: | May 21, 2025
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Coupon: | 5 7/8%
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Announcement date: | Nov. 21
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