SGL International A/S announces placement of new subordinated unsecured bonds, initiates a written procedure under its outstanding senior secured bonds, and announces fixed income investor meetings
SGL International A/S (the "Issuer", and together with TransGroup Global Inc., and their respective subsidiaries from time to time, “SGL” or the “Group”) yesterday successfully placed new subordinated unsecured bonds in an amount of EUR 40,000,000 (the “Subordinated Bond Issue”). The Subordinated Bond Issue was privately placed with a group of institutional investors, has a tenor of 4 years, and will carry payment-in-kind interest. Proceeds from the Subordinated Bond Issue will be used to finance general corporate purposes, including acquisitions, investments, and repayment of drawn amounts