WILD Flavors GmbH Announces Closing of Inaugural US$200 Million Private Placement
6 Feb 2014 --- WILD Flavors GmbH (WILD) announced today that it has successfully closed a financing transaction in the US Dollar Private Placement market by issuing a total of US$ 200 million Senior Notes.
Following the extension of its € 250 million Syndicated Loan Facility in September 2013, WILD has issued 7 year Senior Notes carrying a coupon of 3.71% in the amount of US$ 160 million and 10 year Senior Notes carrying a coupon of 4.40% in the amount of US$ 40 million totaling US$ 200 million. The transaction was priced on November 21, 2013 with a deferred payment and settlement (Closing) on February 5, 2014.
“This transaction marks yet another milestone in WILD's development. It broadens WILD’s funding base and significantly improves our maturity profile, while providing sufficient resources for further growth”, states Christoph Schmitz, Global CFO WILD.
Citigroup Global Markets Inc. acted as the sole Bookrunning Placement Agent on the transaction.