By Marisa Wong
Morgantown, W.Va., April 11 – Sonae SGPS announced it issued €50 million of seven-year bonds through a private placement arranged by Caixa – Banco de Investimento, SA.
Including the current bond issue, Sonae’s long-term facilities for 2019 total €200 million.
The company said it is in the process of finalizing financing arrangements for an additional €100 million, which should fulfill its refinancing needs until the end of 2020.
The company commented that with these transactions, it maintains the average maturity of its debt at “comfortable levels.”
Sonae is a multinational company based in Maia, Portugal. It operates in sectors such as retail, financial services, shopping centers management, software and information systems, media and telecommunications.
| Issuer: | Sonae SGPS
|
| Issue: | Bonds
|
| Amount: | €50 million
|
| Maturity: | Seven years
|
| Arranger: | Caixa – Banco de Investimento, SA
|
| Announcement date: | April 10
|
| Distribution: | Private placement
|
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