finance · City PM
Campari in $250m private placing
Citation-ready fact
Gruppo Campari announced it has completed the issue of $250 million (£152.6 million) of senior unsecured notes.
250000000 USD · senior unsecured notes152600000 GBP · senior unsecured notes (equivalent)
Gruppo Campari
Citation-ready fact
Gruppo Campari's notes are structured into three tranches: $40 million with a 5-year maturity, $100 million with a 7-year maturity, and $110 million with a 10-year maturity.
3 · tranches40000000 USD · first tranche5 year · maturity of first tranche100000000 USD · second tranche7 year · maturity of second tranche110000000 USD · third tranche10 year · maturity of third tranche
Gruppo Campari
Italian drinksmaker Gruppo Campari yesterday announced it has completed the issue of $250m (£152.6m) of senior unsecured notes placed in the US private placement market and the proceeds will go towards refinancing debt incurred with an acquisition. Campari said the placement was with institutional investors. The notes are structured in three tranches of $40m, $100m and $110m with 5-year, 7-year and 10-year maturities respectively.
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