Amplifon plans to issue up to €350 million of medium-term notes

By Rebecca Melvin

New York, Jan. 29 – Amplifon SpA announced that its board of directors has authorized an issue of up to €350 million of senior notes with a duration of up to seven years.

The issuance will be transacted subject to market conditions by July 2020, according to a company news release.

Final terms of the Regulation S notes will be fixed by Amplifon’s chief executive officer at the time of pricing. The newly issued notes may be listed on the Luxembourg Stock Exchange’s euro MTF Market or another trading venue.

The notes issuance is in line with Amplifon’s goal of optimizing its financial structure by diversifying funding sources and extending the average debt maturity.

Amplifon is a hearing aid distributor based in Milan.

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