Petroplus launches capital markets assault after loan refi
Junk-rated, Swiss oil refiner Petroplus launched a three-pronged package of capital market deals on Wednesday as part of a wider refinancing plan. The firm launched a $400m 10 year non call five year conventional bond, a $150m convertible bond, and a $275m equivalent rights issue. It is already in the process of arranging a $900m three year revolving credit facility to refinance a $1.2bn revolver from 2006.
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