Remy Cointreau completes €200 million debt placement

Rémy Cointreau (Paris: RCO) completed its first Schuldschein private placement for €200 million, the French spirits company announced. The debt issuance was split into two tranches with maturities of three and five years, creating an average maturity of approximately four years.

Most notes were issued at floating rates indexed to six-month Euribor, with the remainder at fixed rates. The placement attracted both French and international investors and was oversubscribed, exceeding the initially planned amount of €150 million.

Deutsche Bank and Natixis served as joint coordinators for the transaction. The company stated it will use the net proceeds for general corporate purposes as part of its financing management strategy to enhance financial flexibility and diversify funding sources.

Rémy Cointreau operates a portfolio of 14 brands including Rémy Martin and LOUIS XIII cognacs, and Cointreau liqueur. The company employs 1,856 people and trades on Euronext Paris.

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