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Article: Nutreco Nabs $150 Million via RBS.(News)
- Article from:
- Private Placement Letter
- Article date:
- March 16, 2009
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Byline: Grant Catton
Netherlands-based grain and feed manufacturer Nutreco Holding N.V. got $150 million worth of private funds yesterday via RBS Greenwich Capital, sources confirmed. The deal marks Nutreco's second trip to the private market since 2004.
The NAIC-1 deal was upsized from $100 million and priced-up in five-, seven-, and 10-year tranches at 525 basis points over Treasurys each. The deal had six investors, three of which were existing investors in Nutreco's private debt.
Nutreco's last private placement came in March of 2004 via ABN AMRO. The $204 million deal priced in five-, seven-, and ...