By Devika Patel
Knoxville, Tenn., May 16 – Edify completed a €50 million oversubscribed private placement of 3.75% seven-year bonds with European investors, according to a company press release.
LCL and Societe Generale Corporate & Investment Banking were co-arrangers.
Proceeds will be used for the company’s growth plan.
Edify is an industrial holding company based in Luxembourg.
| Issuer: | Edify
|
| Issue: | Bond
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| Amount: | €50 million
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| Maturity: | Seven years
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| Coupon: | 3.75%
|
| Price: | Par
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| Arrangers: | LCL and Societe Generale Corporate & Investment Banking
|
| Settlement date: | May 16
|
| Distribution: | Private placement
|
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