MILAN, June 21(Class Editori) -- Guala Closures Group launched a 475-million-euroworth bond. The company specialized in aluminum closures for spirits and wine recently entered the STAR market and today issued a 475-million worth senior security bond expiring in 2028.
Moreover, the Group revealed its will to conclude a new multi-currency revolving loan agreement for an overall import of 80 million to replace the current revolving line, which will be available to support the company's working capital requirements.
Guala Closures expects profits resulting from the offer, together with the available liquidity and possible profits deriving from the new revolving loan, to be used to repay the 455-million worth senior secured bond issued by the Group and expiring in 2024.
The company added that during the first five months of this year net revenues will have a value ranging from 235 and 245 million, up from the 229-million amount recorded in the same period of the former year, while adjusted EBITDA will be higher than the one reached in late May 2020.
In order to issue the bond, the Group has been supported by Deutsche Bank, assisted by Credit Suisse, Goldman Sachs and Unicredit as joint lead managers and global coordinators. Currently Guala Closures’s stake is slightly increasing by 0.12% on the Italian Stock Exchange of Milan and trades at 8.19 euros.
(Source:Class Editori)
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