Corbion sells PP to repay revolver drawdown

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By Silas Brown
30 Sep 2020

Dutch food and biochemical company Corbion has signed a $170m US private placement with five institutional investors.

The company will use the proceeds to repay drawdowns from its €300m revolver.

There were two $85m tranches in the deal. One was at seven years with a 2.12% fixed interest rate, and the other at 10 years with a 2.43% coupon.

Corbion sold a $300m US ...

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