By Rebecca Melvin
New York, March 10 – PRFoods AS is offering up to €1,890,400 additional 6¼% secured notes due 2025, according to a company news release on Tuesday.
The company conducted an initial private offering in January, when €9,109,600 notes were issued. The new notes will be consolidated to form one series with the first tranche.
The price of the additional notes will be 101, which includes interest calculated since Jan. 22. The notes are freely callable and can be put upon certain financial events.
The proceeds will be used mainly for refinancing existing debt.
The current offering is being made to both retail and institutional investors in Estonia and to international institutional investors. The notes are expected to settle on March 20 and list on the Baltic Bond List of the Tallinn Stock Exchange on March 23.
PRFoods is a food production company based in Tallinn, Estonia.
| Issuer: | PRFoods AS
|
| Issue: | Secured notes
|
| Amount: | Up to €1,890,400
|
| Maturity: | Jan. 22, 2025
|
| Coupon: | 6¼%
|
| Price: | 101, including accrued interest
|
| Settlement date: | March 20
|
| Listing date: | March 23
|
| Distribution: | Public offering
|
| Total issue size: | Estimated €11 million
|
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