By Cristal Cody
Tupelo, Miss., June 6 – Louis Dreyfus Co. BV announced on Tuesday it priced $300 million of 5.25% six-year senior bonds.
The bonds were oversubscribed with more than $2.5 billion of orders, Gonzalo Ramirez Martiarena, chief executive officer of Louis Dreyfus, said in the release.
ABN Amro Securities (USA) LLC, HSBC Securities (USA) Inc., J.P. Morgan Securities LLC and Natixis Securities Americas LLC were lead managers on the deal.
The company has applied to list the bonds on the Luxembourg Stock Exchange’s regulated market.
Proceeds from the deal will be used for general corporate purposes, such as funding investments in line with the company’s business strategy and refinancing existing debt.
The agricultural goods processor and retailer is based in Amsterdam.
| Issuer: | Louis Dreyfus Co. BV
|
| Amount: | $300 million
|
| Description: | Senior bonds
|
| Maturity: | Six years
|
| Lead managers: | ABN Amro Securities (USA) LLC, HSBC Securities (USA) Inc., J.P. Morgan Securities LLC and Natixis Securities Americas LLC
|
| Coupon: | 5.25%
|
| Trade date: | June 6
|
| Settlement date: | June 13
|
| Distribution: | Regulation S
|
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