Michelin turns to bank debt to refinance bond
Michelin secured a Eu480m bridge loan to refinance a maturing bond, the tyre company revealed on Friday. The Baa2/BBB/BBB rated firm will use the facility to repay a Eu470m bond due in April and to meet its other short-term commitments.
Unlock this article.
The content you are trying to view is exclusive to our subscribers.
To unlock this article:
- ✔ 4,000 annual insights
- ✔ 700+ notes and long-form analyses
- ✔ European securitization issuance database
- ✔ Daily newsletters across markets and asset classes
- ✔ 1 weekly securitization podcast
