SNF Floerger €550 million notes issue

Overview:

• The holding company of French based polyacrylamides company SNF Floerger, SPCM, launched €550 million senior notes with a coupon of 2.875% due Jun 2023. 
• The notes were issued to the Luxembourg exchange. 
• BNP Paribas, Credit Agricole CIB and Societe Generale acted as bookrunners. 
• The proceeds of the issue will be used to redeem existing notes and repay existing debts and for corporate liquidity. 

John Crabb - Journalist