Coats Group raises $250m in US private placement
By Michele Maatouk
Date: Monday 20 Feb 2023
(Sharecast News) - Industrial thread maker Coats Group said on Monday that it has raised $250m through the issue of US private placement notes.
The company said the notes were "competitively priced" and that the issuance, on investment grade terms and heavily oversubscribed, refinances the $240m facility which funded the acquisition of Texon in June 2022.
The new notes mature in 2028 and 2030, beyond the existing USPP tranches.
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