Brenntag (ISIN DE000A1DAHH0), the global market leader in chemicals and ingredients distribution, has successfully placed a EUR 500 million bond in the European capital market. The transaction was successfully completed today.
The bond was issued by Brenntag Finance B.V. with a maturity of seven years and a coupon of 4.25%. The issue price was 99.626%. The bond was issued under the existing Debt Issuance Programme and attracted solid demand from institutional investors despite a challenging market environment.
Thomas Reisten, Chief Financial Officer of Brenntag SE, said: “With the successful placement of the bond, we have further strengthened our financing profile and aligned the maturity structure of our financial liabilities on an even longer-term basis. The transaction secures the necessary flexibility to support Brenntag’s strategic and operational objectives.”
The bond was rated BBB+ by Standard & Poor’s.
The net proceeds from the issuance will be used for general corporate purposes. The bond is listed on the Euro MTF Market of the Luxembourg Stock Exchange.
The bond was issued by Brenntag Finance B.V. with a maturity of seven years and a coupon of 4.25%. The issue price was 99.626%. The bond was issued under the existing Debt Issuance Programme and attracted solid demand from institutional investors despite a challenging market environment.
Thomas Reisten, Chief Financial Officer of Brenntag SE, said: “With the successful placement of the bond, we have further strengthened our financing profile and aligned the maturity structure of our financial liabilities on an even longer-term basis. The transaction secures the necessary flexibility to support Brenntag’s strategic and operational objectives.”
The bond was rated BBB+ by Standard & Poor’s.
The net proceeds from the issuance will be used for general corporate purposes. The bond is listed on the Euro MTF Market of the Luxembourg Stock Exchange.
