Oberthur to redeem notes due 2020 with new loan proceeds

New York, Nov. 28 – Oberthur Technologies Group SAS said it plans to redeem its €190 million of senior notes due 2020 using some of the proceeds from a new credit facility.

The company announced that it has launched a €2.1 billion equivalent senior term loan and a €300 million revolving credit facility on Monday morning.

Funds from the facility will also be used to help fund the acquisition of Morpho, also known as Safran Security & Identity, and to refinance existing debt.

Oberthur is a Paris-based provider of chip-based digital authentication products and solutions with an expertise in digital security processes, software and cryptography.

© 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.