Remy Cointreau to repurchase 5.2% senior notes using offer proceeds

By Jennifer Chiou

New York, June 18 - Remy Cointreau SA announced that it will use the proceeds from a planned offering of notes to buy back its existing 5.2% senior notes due 2012.

The company plans to tender for the notes and then repurchase any remaining securities following the offer.

According to a news release, the company's planned €200 million of new senior notes due 2016 is subject to market and other conditions.

Paris-based Remy Cointreau produces, markets and distributes premium branded cognacs, liqueurs, spirits and champagnes.

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