By Lisa Kerner
Charlotte, N.C., Dec. 4 Allgeier SE placed an 80 million loan note in an upsized offer with 18 investors.
The note was issued in tranches of
66.5 million, with a five-year maturity and a 140 basis point spread; and
13.5 million, with a seven-year maturity and a 170 bps spread.
Proceeds will be used to fully repay 29.5 million of the three-year tranche of the existing borrower's loan note that was placed in spring 2012, according to a news release.
Additionally, the variable five-year and seven-year tranches of the previous borrowers note loan will be repaid early in amounts of 18 million and 2 million respectively.
Allgeier is an IT company based in Munich.
| Issuer: | Allgeier SE
|
| Issue: | Loan note
|
| Amount: | 80 million
|
| Distribution: | Private placement
|
|
|
| Amount: | 66.5 million
|
| Maturity: | Five years
|
| Spread: | 140 bps
|
|
|
| Amount: | 13.5 million
|
| Maturity: | Seven years
|
| Spread: | 170 bps
|
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