Corbion sells PP to repay revolver drawdown
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 ...