SWITZERLAND. Avolta has taken the latest steps to bolster its financial position by pricing €400 million in Senior Notes for a term of seven years to 2033.
Proceeds from the offering are expected to be used to refinance a portion of Avolta’s outstanding €750 million Senior Notes due 2027.
The annual interest rate will be 4.625% and interest will be payable semi-annually in arrears, a company statement said.
Click here for details of Avolta Q1 financial performance, described as “resilient” by the company. ✈
