19 June 2019

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.


Dutch
French

Tweets

  • @UmicoreGroup  Jul 10
    “In the pursuit of a more sustainable future, chemistry must be at the forefront of key societal and political deci… https://t.co/5egSqofHlY
  • @UmicoreGroup  Jul 8
    At #UmicorePMC, we believe collaboration is essential for innovation and advancing industries. Read our latest arti… https://t.co/uJB9HuUK7v
  • @UmicoreGroup  Jul 6
    Developing emission-free solutions are essential for the future of automobiles. For our German-speaking followers,… https://t.co/7Lioyjn4PR
  • @UmicoreGroup  Jul 3
    Umicore donates its used computers to Close the Gap, ensuring that our end-of-life devices are securely refurbished… https://t.co/IyKsieMHHl
  • @UmicoreGroup  Jul 3
    Thank you @AvsAld for hosting a fantastic virtual #ALD2020, it is great to be involved! If you missed us, you can r… https://t.co/6acwKuuW9f
  • @UmicoreGroup  Jul 1
    Our #BondMakers are having a great time virtually at #ALDALE2020 conference. Did you catch our poster presentation… https://t.co/WWsNe5htgr
  • @UmicoreGroup  Jun 30
    Find out about Umicore’s role in the latest electrical racing technology thanks to its partnership with… https://t.co/AbKK4lcD5G
  • @UmicoreGroup  Jun 30
    Read about our objective to turn sustainability into a greater competitive edge by developing specific sustainable… https://t.co/tVBlzEbem4
  • @UmicoreGroup  Jun 29
    This week, #UmicorePMC are virtually attending @AvsAld’s #ALDALE2020 event. If you are attending, make sure to jo… https://t.co/NldXyMCeC8
  • @UmicoreGroup  Jun 26
    #UmicorePMC’s leading #catalysis expertise allows us to provide our customers with personalised solutions for the… https://t.co/ojwMVwNYwA