France: Technip Concludes Three Debt Issues
Technip said it has concluded three long-term, private debt issues each subscribed by a different investor, for an aggregate amount of €325 million. These bond issues are part of the general management of the Group’s cash and liabilities and raise funds for general corporate purposes.
They allow Technip to extend substantially its debt maturities as they are for 10, 15 and 20 year maturities.
The respective amounts and maturities of the bond issues are €150 million over 10 years, €75 million over 15 years and €100 million over 20 years. The 10 and 15 year bonds have been rated BBB+ by Standard & Poor’s and are listed on the market NYSE Euronext Paris. An application for the 20 year bond quotation on the open market (“Freiverkehr”) of the Frankfurt Stock Exchange has been made.
Technipis engaged in project management, engineering and construction for the energy industry.
Present in 48 countries, Technip has state-of-the-art industrial assets on all continents and operates a fleet of specialized vessels for pipeline installation and subsea construction.
LNG World News Staff, June 15, 2012