Royal Numico expected to close $425 million multi-tranche deal via Deutsche Bank by end of June

By Paul A. Harris

St. Louis, May 26 - Royal Numico NV is transacting a $425 million private placement of senior notes with seven-, nine-, 10- and 12-year maturities, with closing expected before the end of June, according to a news release Thursday.

Robin Jansen of Royal Numico investor relations told Prospect News that Deutsche Bank Securities is leading the deal. Jansen declined to answer any follow-up questions about the transaction.

The news release specified that the placement was substantially over-subscribed with a diverse and high-quality investor base.

The release also stated that the transaction would further improve the company's overall debt maturity profile at very attractive conditions.

Royal Numico is a specialized nutrition company with leading positions in baby food and clinical nutrition. Its brands include Nutricia, Milupa and Cow & Gate. Its corporate headquarters are in Schiphol Airport, The Netherlands.

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