Mastellone sells $200m bond

Mastellone sells $200m bond

Bonds

Mastellone Hermanos has sold a $200m 12.625% 2021 bond as part of a liability management exercise, the company said on Tuesday. The bond was sold at par. The paper is callable above par annually from 2018, and at par in 2020. As well as bringing in new cash, Mastellone offered the bond to existing creditors in exchange for the $124m outstanding in the A series of a 2018 note. The swap was priced at par, including a 50c premium for bondholders who subscribed before the earlybird deadline on Wedne

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