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
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