By Lisa Kerner
Charlotte, N.C., May 18 – Exel Industries announced a €30 million bond issue arranged by LCL and underwritten by Novo 1 (BNP Paribas Investment Partners).
“This bond issue extends the maturity of our funding and makes it possible to match the U.S. acquisition of January 2016 to long-term funding,” said chief executive officer Guerric Ballu.
Paris-based Exel’s main line of business is agricultural spraying.
| Issuer: | Exel Industries
|
| Issue: | Bond
|
| Amount: | €30 million
|
| Arranger: | LCL
|
| Investor: | Novo 1 (BNP Paribas Investment Partners)
|
| Announcement date: | May 18
|
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