Petroplus fits new piece of financing jigsaw with $400m bond
Petroplus, the Swiss oil refiner in the market with a $900m revolver, on Wednesday priced the $400m bond that forms part of a wider refinancing package announced earlier in the week.
The issue, together with a $150m convertible bond announced on Wednesday, will finance a cash tender offer at par plus accrued interest for its $500m 3.375% convertible bonds. The proceeds of the bond issue will be placed in escrow pending the outcome of the offer.
"It was the right
Please take a trial or subscribe to access this content.
Contact our subscriptions team to discuss your access: firstname.lastname@example.org
To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: email@example.com or find out more online here.