Forbo Places New $138 Million, Four Year Bond
Baar, Switzerland, July 7, 2009--Forbo successfully placed today a bond of $138.4 million (CHF 150 million)with a maturity of four years.
The bond has a coupon of 4 1/8% and was placed under the lead management of Credit Suisse.
The proceeds will be used for the early refinancing of current credit facilities as well as for general financing purposes.
Together with the current credit facilities and the private placements Forbo said it has increased its financial flexibility and has ensured the Group’s financing for the coming years.