Umicore Raises USD177.8 Million in Private Placement of Notes Due 2027

Published: May 18 2017
Deal Summary

Umicore N.V., a materials technology and recycling company, has completed the private placement of notes due December 2027, for gross proceeds of EUR160 million (USD177.8 million). The placement was subscribed to by institutional investors.

Concurrently, the company completed the placement of notes due December 2029, for gross proceeds of EUR200 million (USD222.27 million). The funds will be drawn upon in December 2017.

J.P. Morgan Securities LLC and MUFG Securities Americas Inc. acted as placement agents to the company for the transaction.

The company intends to use the proceeds to fund its strategic growth initiatives and refinance part of its existing debt.

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