Teledyne Technologies places $125 million of notes, Allgeier issues €80 million loan note

By Lisa Kerner

Charlotte, N.C., Dec. 4 – Teledyne Technologies Inc. placed senior unsecured notes totaling $125 million with institutional investors under a Sept. 23 note purchase agreement.

The notes were issued on Thursday as $30 million of 2.61% notes due Dec. 4, 2019 and $95 million of 3.09% notes due Dec. 6, 2021, according to an 8-K filing with the Securities and Exchange Commission.

Proceeds will be used for general corporate purposes, including acquisitions and share repurchases.

Teledyne is a Thousand Oaks, Calif.-based technology provider.

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 borrower’s note loan will be repaid early in amounts of €18 million and €2 million, respectively.

Allgeier is an IT company based in Munich.

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