Corporate Capital sells $140 million notes; Segro plans €650 million

By Devika Patel

Knoxville, Tenn., July 6 – Thursday saw three private placements of debt reported: Orlando, Fla.-based business development company Corporate Capital Trust, Inc. settled $140 million of 5% five-year senior notes, London-based real estate investment trust Segro plc negotiated a €650 million sale of 10-, 12- and 15-year senior notes, and Villeneuve, France vegetable distributor Bonduelle SCA settled €150 million and $50 million of notes.

Corporate Capital Trust wraps

Corporate Capital Trust said it closed on $140 million 5% five-year senior unsecured notes on June 28. The deal priced on June 23.

GreensLedge Capital Markets LLC was the agent.

Proceeds will be used for general corporate purposes, including debt repayment.

Segro oversubscribed

Segro said it arranged a €650 million “well oversubscribed” private placement of 10-year, 12-year and 15-year senior unsecured notes via agents Lloyds Securities Inc. and Barclays Bank plc.

The company sold a €400 million 1.77% note due 2027; a €150 million 2% note due 2029 and a €100 million 2.27% note due 2032.

Settlement is expected in August.

Proceeds will be used to refinance the company’s 2018 sterling bonds and secured debt within the Airport Property Partnership.

Bonduelle in two currencies

Bonduelle SCA settled a €150 million and $50 million private placement of 10-year notes. BNP Paribas and Natixis were the agents.

Both tranches are due in 2027.

The financing brings the group’s total debt average maturity to almost five years.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.