Hornbach-Baumarkt to sell up to €200 million in Rule 144A bond issue

By Paul A. Harris

St. Louis, Sept. 2 - Hornbach-Baumarkt-AG intends to issue as much as €200 million of bonds, according to a news release issued Thursday.

No further information was disclosed on the structure, syndication or timing of the Rule 144A deal. The company did not respond to a request from Prospect News for more information.

Proceeds will be used to improve the company's long-term capital structure and to secure its liquidity for further growth.

The Bornheim bei Landau/Pfalz, Germany-based company operates do-it-yourself retail markets and garden centers.

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