By William Gullotti
Buffalo, N.Y., Aug. 30 – Eurofins Scientific sold €600 million of 4¾% senior unsecured bonds due Sept. 6, 2030 (Baa3//BBB-) in a public offering, according to a press release on Wednesday.
The Regulation S offering was more than 2.7 times oversubscribed.
Proceeds will be used for general corporate purposes, including refinancing the outstanding €448 million fixed-rate eurobonds due July 25, 2024 (ISIN: XS1651444140).
The bonds will be listed on the regulated market of the Luxembourg stock exchange effective Sept. 6, which is also the settlement date.
Eurofins Scientific is a Luxembourg-based group of laboratories that provides testing and support services to governments and industries, including in pharmaceuticals, food and agriscience.
| Issuer: | Eurofins Scientific
|
| Amount: | €600 million
|
| Issue: | Senior bonds
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| Maturity: | Sept. 6, 2030
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| Coupon: | 4¾%
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| Pricing date: | Aug. 30
|
| Settlement date: | Sept. 6
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| Listing date: | Sept. 6
|
| Ratings: | Moody’s: Baa3
|
| Fitch: BBB-
|
| Distribution: | Regulation S
|
| ISIN: | XS2676883114
|
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