By Lisa Kerner
Charlotte, N.C., Oct. 19 - Takkt AG issued a €140 million Schuldschein bonded loan, upsized from €75 million due to strong demand.
Maturity periods of three and five years with fixed and variable interest rates were offered, according to a company news release.
Proceeds will be used to refinance an acquisition facility related to the Ratioform group completed in July.
Takkt said the transaction expands its investor scope and debt financing instruments.
The transaction was supported by Bayerische Landesbank and Landesbank Baden-Wuerttemberg.
Takkt is a multi-channel direct marketing group based in Stuttgart, Germany.
| Issuer: | Takkt AG
|
| Issue: | Schuldschein bonded loan
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| Amount: | €140 million
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| Maturities: | Three, five years
|
| Coupon: | Fixed and variable rates
|
| Distribution: | Private placement
|
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