Brambles Prices US$500 Million Guaranteed Senior Notes
20 October 2015 - 10:08AM
Dow Jones News
By Rebecca Thurlow
SYDNEY--Brambles Ltd. (BXB.AU) said it priced a US$500 million
guaranteed senior note issue in the U.S.
The 10-year, fixed-rate notes carry a 4.125% coupon.
Brambles said it will use the proceeds from the notes to repay
borrowings under its existing revolving bank credit facilities, and
for general corporate purposes.
Brambles Chief Financial Officer Zlatko Todorcevski said the
issue is consistent with the company's strategy of diversifying its
funding sources and lengthening the average term of its
borrowings.
Settlement is expected to occur on Oct. 23.
-Write to Rebecca Thurlow at rebecca.thurlow@wsj.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
(END) Dow Jones Newswires
October 19, 2015 18:53 ET (22:53 GMT)
Copyright (c) 2015 Dow Jones & Company, Inc.
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