France’s BUT announces €66 million tap of 7 3/8% notes due 2019

By Paul A. Harris

Portland, Ore., Aug. 3 – French home equipment retailer BUT SAS announced in a Monday press release that it launched a €66 million add-on to its 7 3/8% senior secured notes due Sept. 15, 2019.

The Emerainville, France-based company plans to use the proceeds from the Rule 144A and Regulation S add-on for general corporate purposes, which may include the purchase of additional stores or store networks.

The original €180 million issue priced at par in June 2014.

© 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.