23rd Jan 2025 20:33
Tate & Lyle PLC - London-based provider of ingredients to food and beverage producers - Prices multi-tranche debt offering of USD300 million and EUR275 million in the private placement market. Proceeds will be used to refinance the bridge facility entered into at the completion of the acquisition of CP Kelco in November 2024, and for general corporate purposes. The transaction is expected to complete on March 12, when the following notes will be issued: USD85 million 5.56% notes due 2030; USD65 million floating-rate notes due 2030; USD40 million floating-rate notes due 2032; USD110 million 5.84% notes due 2033; EUR140 million 4.03% notes due 2035; EUR135 million 4.13% notes due 2037. Read More
