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MHP SE GDR RegS ( (MHPSY) ) has provided an announcement.
MHP SE has priced an additional US$100 million of 10.500% notes due 2029, issued via its wholly owned Luxembourg subsidiary MHP Lux S.A., to be consolidated with the previously issued US$450 million of the same series. The combined proceeds from the new and original notes will be used to fund the tender offer and full redemption of MHP Lux’s outstanding US$550 million 6.95% notes due 2026, replacing US$100 million of internal cash previously earmarked for partial repayment and allowing the group to retain cash primarily outside Ukraine for future investment, capital expenditures and ongoing operational needs, which may strengthen its liquidity and support strategic growth amid a challenging regional environment.
More about MHP SE GDR RegS
MHP SE is the parent company of a leading international food and agricultural group with Ukrainian roots and is one of the largest poultry producers in Europe, focusing on poultry and related agri-food products for international markets.
For a thorough assessment of MHPSY stock, go to TipRanks’ Stock Analysis page.