Silfin NV (“Silfin”) announces today the launch of a contemplated issuance of EUR 350 million fixed rate bonds, to be guaranteed by its parent company SCR-Sibelco NV (the “New Bonds”).
Subject to the successful placement of the New Bonds, Silfin intends to early redeem its outstanding EUR 350 million 2.875% fixed rate guaranteed bonds due 11 April 2027 (ISIN: BE0002850312) (the “Existing Bonds”) pursuant to the issuer call option included in the terms and conditions of the Existing Bonds. The net proceeds of the New Bonds are intended to be used for the financing of the early redemption of the Existing Bonds.
If the placement of the New Bonds is successful, Silfin intends to issue the redemption notice to the holders of the Existing Bonds on the settlement date of the New Bonds.
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