By Lisa Kerner
Charlotte, N.C., June 18 - Nuplex Industries Ltd. announced it raised $105 million in the U.S. private placement market.
The 6.125% seven-year notes will settle July 30.
Proceeds will be used to refinance the 12-month facility put in place to acquire Viverso's operations and related products in December, according to a Nuplex news release.
The proceeds will be converted into euros via a cross currency swap.
Nuplex is an Auckland, New Zealand-based manufacturer of polymer resins.
| Issuer: | Nuplex Industries Ltd.
|
| Issue: | Notes
|
| Amount: | $105 million
|
| Maturity: | 2019
|
| Coupon: | 6.125%
|
| Settlement date: | July 30
|
| Distribution: | Private placement
|
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