By Paul A. Harris
Portland, Ore., Dec. 10 – Kiko Milano and Kiko SpA privately placed €100 million of 6˝% six-year senior secured notes, according to a company prospectus dated Dec. 4.
The notes priced at 99.59 resulting in a yield of 6.584%.
UBS Investment bank was the placement agent.
The Milan-based cosmetics company plans to use the proceeds to refinance debt and for general corporate purposes.
| Issuer: | Kiko Milano and Kiko SpA
|
| Amount: | €100 million
|
| Maturity: | Dec. 10, 2020
|
| Securities: | Senior secured notes
|
| Placement agent: | UBS Investment Bank
|
| Coupon: | 6˝%
|
| Price: | 99.59
|
| Yield: | 6.584%
|
| First call: | Dec. 10, 2017 at 103
|
| Format: | Private placement
|
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