Eurofins tenders for €300 million hybrid notes callable on Jan. 31

By Wendy Van Sickle

Columbus, Ohio, Sept. 3 – Eurofins Scientific SE began a tender offer for its €300 million of hybrid notes with a first call date on Jan. 31, according to a press release.

The tender offer is subject to the success of the issuance of up to €300 million of new undated deeply subordinated fixed- to variable-rate notes.

Results of the tender offer are expected to be announced on Sept. 11.

The purpose of the tender offer and the planned issuance of new notes is to proactively manage the refinancing of the company’s outstanding hybrid notes, while taking advantage of favorable market conditions, according to the release.

Eurofins is a Luxembourg-based provider of food, environment and biopharmaceutical products testing services.

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