Italy’s Campari, the maker of the eponymous bitters brand, has sold US$300m in senior notes to US institutional investors, The company said it was taking advantage of low interest rates to extend its debt maturities.
Campari said the notes should put it “in a strong position to fund future corporate developments.”
The placement was made in two tranches, one of US$100m with a 12-year bullet maturity and the seond of US$200 with a 15-year bullet maturity.
The fixed coupons on the notes were 4.33 percent and 4.63 percent respectively, corresponding to a floating interest rate of less than 60 basis points over Euribor, the company said.
