By Lisa Kerner
Charlotte, N.C., July 12 - Nutreco Holdings NV privately placed $218 million and €25 million of senior notes with an average fixed interest rate of 3.7% with 15 existing and new institutional investors.
The U.S. tranches have maturities of five, seven and 10 years. The euro notes have a seven-year maturity.
Proceeds will be used to refinance existing bank debt and for other corporate purposes, according to a company news release.
Nutreco, an animal and fish feed company based in Amersfoort, the Netherlands, said the issuance was "well oversubscribed."
| Issuer: | Nutreco Holdings NV
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| Issue: | Senior notes
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| Amount: | $218 million and €25 million
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| Coupon: | Average fixed interest rate of 3.7%
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| Maturities: | Five, seven and 10 years for dollar notes and seven years for euro notes
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| Distribution: | Private placement
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