Kerneos to redeem senior secured notes with proceeds from new loans

New York, Nov. 28 – Kerneos Corporate SAS plans to redeem all of its €375 million of senior secured notes due 2021 using proceeds from a new bank facility.

The company announced in a notice that it has launched a new term loan B and a revolving credit facility.

Closing of the refinancing is expected in mid-January.

The redemption of the notes is subject to successful completion of the refinancing.

Kerneos is a Paris-based manufacturer and supplier of calcium aluminate cements.

© 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.