Braas Monier announces €435 million five-year secured notes offering

Portland, Ore., June 6 – Braas Monier Building Group SA announced in a Monday press release that it plans to issue €435 million senior of secured notes due 2021 via Rule 144A and Regulation S.

The Luxembourg-based building materials supplier plans to use the proceeds, together with cash on its balance sheet and a draw on its revolver, to pay off its existing senior facilities agreement, redeem is outstanding senior secured floating-rate notes due 2020 in full and fund certain hedging agreements.

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