By Jennifer Chiou
New York, Feb. 19 – Ymagis SA announced the completion of its €36.5 million private placement of bonds to French and Belgian institutional investors.
According to a press release, the company placed €17.5 million of 4% bonds due February 2019 and €19 million of 4.25% bonds due February 2020.
The company noted that the purpose of the offering is to provide itself with additional financial flexibility. Specifically, the company said the placement will allow it to redeem €15.4 million of its Obsas, or obligation avec bon de souscription d’action, which come due in October.
In addition, the offer will help the company buy back €13.9 million of dcinex’s junior debt. dcinex, a subsidiary of the issuer, is a provider of services for movie operations.
The Paris-based issuer specializes in digital technology for the movie industry.
| Issuer: | Ymagis SA
|
| Issue: | Bonds
|
| Total amount: | €36.5 million
|
| Announcement date: | Feb. 19
|
| Distribution: | Private placement
|
|
|
| Four-year bonds
|
| Amount: | €17.5 million
|
| Coupon: | 4%
|
| Maturity: | February 2019
|
|
|
| Five-year bonds
|
| Amount: | €19 million
|
| Coupon: | 4.25%
|
| Maturity: | February 2020
|
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