Placement of Senior Unsecured Notes in the United States
Buzzi Unicem informs that, through its wholly-owned subsidiary RC Lonestar Inc., it has reached conditional agreement with US investors to raise a total of $200 million through a new private placement of Senior Unsecured Notes.
The debt will have final maturity in 2016 and will be split into fixed and floating rate tranches in line with current market conditions.
The issue is to be guaranteed by Buzzi Unicem and the transaction is expected to be completed by April 2010, subject to the completion of investor due diligence, legal documentation and the satisfaction of other customary closing conditions.
Proceeds from the notes will be used to partially refinance the bond issued by the subsidiary Lonestar Industries Inc. which is due in June 2010.
Bank of America Merrill Lynch acts as Advisor and Sole Agent of the transaction.
Investor Relations Assistant
Phone +39 0142 416 404