25.07.2016, 17:47
INEOS Announces Launch of Offering of Senior Notes Due 2024
OREANDA-NEWS. INEOS Group Holdings S.A. (“INEOS”) today announced that it has launched an offering (the “Offering”) of senior notes due 2024, in an aggregate principal amount of approximately €1.1 billion (equivalent) in a combination of euro and U.S. dollars. INEOS intends to use the proceeds from the Offering, together with cash on hand, to refinance all of its outstanding dollar-denominated senior notes due 2018 and euro-denominated senior notes due 2018 and to pay transaction fees and expenses. There can be no assurance that the Offering or the refinancing will be completed.
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