Altri : SGPS, S.A. announces an 8-year bond and a 10-year bond issued by its subsidiary CELBI
July 14, 2017 at 12:55 pm EDT
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ALTRI, SGPS, S.A.
Public Company
Head Office: Rua do General Norton de Matos, 68 - R/C, Oporto Share Capital: Euro 25,641,459
Registered at the Commercial Registry Office of Oporto Sole registration and tax number 507 172 086
MATERIAL INFORMATION
Altri, SGPS, S.A. hereby informs that its subsidiary Celulose Beira Industrial (Celbi), S.A. has issued, today, two bonds, by private placement: an eight-year bond, in the amount of Euro 40,000,000 (forty million euros), named "CELBI 2017/2025"; and a ten-year bond, in the amount of Euro 40,000,000 (forty million euros), named "CELBI 2017/2027".
These issuances follow Altri's funding strategy, which aims to extend the company's debt maturity profile,
strengthen its capital structure and diversify both sources and types of funding.
Oporto, July 14, 2017 The Board of Directors
Altri SGPS SA published this content on 14 July 2017 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 14 July 2017 16:55:05 UTC.
Original documenthttp://www.altri.pt/~/media/Files/A/Altri-V2/press-release/2017/ALTRI20170714CELBIbondsEN.pdf
Public permalinkhttp://www.publicnow.com/view/E8A6B37D9FE17F7AB640EC8F694212B85ADA9242
Altri, SGPS, S.A. is a holding company primarily organized around 3 areas of activity:
- paper pulp production: 1,061 Kt produced in 2023. At the end of 2023, the group had 3 production sites located in Portugal;
- logging;
- electricity production from renewable energies.