Ineos Group Completes Public Offering Of 2.125% Bonds, Due 2025 For US$646.9Million

Published: Oct 25 2017
Deal Summary

Ineos Group AG, a diversified energy company, completed the public offering of 2.125% bonds, due November 15, 2025, for gross proceeds of €550 million (MM) (US$646.87.06 MM). The bonds are priced at 100% of the principal amount. The offering size was increased from €500 MM (US$588.06 MM).

Bank of Montreal, London Branch, Barclays Bank Plc, Citigroup Inc, Credit Suisse AG, Deutsche Bank AG, ING Wholesale Banking London, JP Morgan Cazenove, Lloyds Banking Group Plc acted as book-running managers to the company for the offering. The company intends to use the proceeds from the offering to repay the portion of the existing term loans due 2022 and 2024.

Deal history

Completed: On October 26, 2017, Ineos Group completed the public offering of 2.125% bonds, due 2025, for €550 MM (US$646.87 MM).

Announced: On October 25, 2017, Ineos Group agreed to issue 2.125% bonds, due 2025, for gross proceeds of €500 MM (US$588.06 MM), in a public offering.

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