LR Health & Beauty, unit may refinance €125 million secured bonds

By William Gullotti

Buffalo, N.Y., Feb. 13 – LR Health & Beauty SE’s subsidiary LR Global Holding GmbH is considering refinancing its outstanding €125 million senior secured bonds due 2025 (ISIN: NO0010894850), according to a press release on Tuesday.

Subject to the parent company’s successful issue of new senior secured corporate bonds, which has a target volume of €125 million, the subsidiary intends to use the net proceeds from the offering to exercise its call option at 101.45.

Pareto Securities AS, Frankfurt Branch and Arctic Securities AS have been mandated by LR Health to arrange investor meetings for the new bonds.

With headquarters in Ahlen, Germany, LR Group produces and markets various health and beauty products internationally.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.