Tate & Lyle to place $400 million of notes

By Lisa Kerner

Charlotte, N.C., July 21 – Tate & Lyle plc announced it priced a $400 million private placement on Wednesday.

The notes will be issued as follows: $95 million of floating-rate notes due 2023, $25 million of 3.83% notes due 2023, $180 million of 4.06% notes due 2025 and $100 million of 4.16% notes due 2027.

The transaction is expected to be completed on Oct. 29.

Proceeds will be used to repay debt and for general corporate purposes, according to a news release.

Tate & Lyle is an agribusiness based in London.

© 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.