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MHP SE GDR RegS ( (MHPSY) ) just unveiled an announcement.
MHP SE has priced a new US$450 million Eurobond, in the form of 10.5% notes due 2029 to be issued by its Luxembourg subsidiary MHP Lux S.A. and guaranteed by MHP SE and certain Ukrainian and European subsidiaries. The company plans to use the proceeds, together with US$100 million in cash, to fund a tender offer and full redemption of its existing US$550 million 6.95% notes due 2026, effectively refinancing its near-term debt maturity at a higher coupon while extending the debt profile, an important step in managing its capital structure amid challenging market and geopolitical conditions for Ukrainian issuers.
More about MHP SE GDR RegS
MHP SE is the parent company of a leading international food and agriculture group headquartered in Ukraine, focused on poultry and other agri-food products for global markets through operating subsidiaries including MHP Lux S.A. in Luxembourg and MHP Europe Limited.
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