Louis Dreyfus Company (LDC) B.V. today announced a successful US$300 million, six-year, senior bond transaction with a 5.25% coupon. Application has been made to list the instruments on the Luxembourg Stock Exchange’s regulated market. The offering is expected to close on June 13th, subject to customary closing conditions.
“As we continue to deliver consistently on our plans, investors have recognized our commitment and once again demonstrated their confidence in our strategy, and the positive long-term perspectives for our industry,” said Gonzalo Ramírez Martiarena, Chief Executive Officer of Louis Dreyfus Company. “We would like to thank them for their interest, which has resulted in orders exceeding US$2.5 billion.”
“Our issuance met with strong investor demand, which led to an oversubscribed order book,” said Armand Lumens, Chief Financial Officer of Louis Dreyfus Company. “This transaction will enable LDC to maintain diversified sources of long-term funding, extending its debt maturity profile. LDC intends to use the net proceeds for general corporate purposes, such as funding investments in line with its business strategy and refinancing existing debt.”