Nordenia Prices EUR280M 2017 Bond At 98.7567, To Yield 10%

2nd Jul 2010 16:06

LONDON (Dow Jones)--German packaging company Nordenia Holdings GmbH has priced its EUR280 million, 2017, high-yield bond through Deutsche Bank AG and Barclays Capital, one of the banks said Friday. The proceeds of the bond will be used to pay down existing debt and fund a dividend for its owner, U.S. private equity firm, Oaktree Capital Management. Terms are as follows: Amount: EUR280 million Maturity: July 15, 2017 Coupon: 9.750% Reoffer Price: 98.7567 Payment Date: July 9, 2010 Yield: 10% Debt Ratings: B2 (Moody's) B (Standard & Poor's) Denominations: EUR50,000; EUR1,000 Listing: Luxembourg Interest: Semiannual -By Ainsley Thomson, Dow Jones Newswires; 44 20 7842 9318; [email protected] (END) Dow Jones Newswires July 02, 2010 11:06 ET (15:06 GMT)