19 June 2019

Regulated Information

Umicore completes a € 390 million private debt placement

Umicore has successfully completed a € 390 million US Private Placement notes issue. The offering was significantly oversubscribed and attracted strong interest both from institutional investors who participated in Umicore’s initial 2017 placement as well as from new investors. The transaction is composed of a 7-year tranche of € 50 million maturing in September 2026, a 10-year tranche of € 230 million maturing in September 2029 and a 12-year tranche of € 110 million maturing in September 2031.The funds will be drawn upon in September of this year.

Through the successful completion of this private placement offering, Umicore further extends the maturity of its debt at historically low fixed terms. The proceeds of the offering will be used for general corporate purposes and to fund Umicore’s strategic growth initiatives in the areas of clean mobility and recycling. The issue will complement the two existing long-term private debt placements of a total amount of € 690 million, the two  currently largely undrawn Syndicated Bank Credit Facilities of a total amount of € 795 million and substantial additional shorter term funding instruments.


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