New York, April 25 – Maire Tecnimont SpA priced €165 million of its 2 5/8% senior notes due 2024 at par on Tuesday, according to a press release.
The company had been planning an offering of up to €250 million of the notes.
Equita SIM SpA and Banca Akros SpA – Gruppo Banco BPM are the joint bookrunners for the transaction, which was offered to the public in Luxembourg and Italy.
Proceeds will be used to partially repay the medium- and long-term bank debt of the company’s subsidiary, Tecnimont SpA.
The engineering and construction company is based in Rome.
| Issuer: | Maire Tecnimont SpA
|
| Issue: | Senior notes
|
| Amount: | €165 million
|
| Maturity: | April 30, 2024
|
| Bookrunners: | Equita SIM SpA and Banca Akros SpA – Gruppo Banco BPM
|
| Coupon: | 2 5/8%
|
| Price: | Par
|
| Yield: | 2 5/8%
|
| Pricing date: | April 24
|
| Settlement date: | May 3
|
| Distribution: | Public in Luxembourg and Italy
|
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