By Wendy Van Sickle
Columbus, Ohio, Oct. 15 – Eurofins Scientific SE issued a €350 million Schuldschein with a 1.78% blended interest rate.
The financing includes tranches of five, seven and 10 years with more than 85% of the transaction in seven- and 10-year tenors, according to a news release. The tranches were both fixed and floating.
BayernLB, Credit Agricole CIB, HSBC and Natixis acted as joint arrangers, and HSBC is the loan agent.
Proceeds will be used to refinance the Schuldschein loans that are maturing in July 2022.
Eurofins is a Luxembourg-based provider of food, environment and biopharmaceutical products testing services.
| Issuer: | Eurofins Scientific SE
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| Issue: | Schuldschein
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| Amount: | €350 million
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| Maturity: | Five, seven and 10 years
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| Coupon: | 1.78% (blended)
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| Arrangers: | BayernLB, Credit Agricole CIB, HSBC and Natixis
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| Distribution: | Private placement
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