Buzzi Unicem issues senior unsecured notes

Buzzi Unicem issues senior unsecured notes
Published: 06 April 2010

Buzzi Unicem, through its 100% subsidiary RC Lonestar Inc, has successfully completed the new issue of US$200m of Senior Unsecured Notes to lenders in the North American Private Placement market. 

Bank of America Merrill Lynch acted as Advisor and Sole Agent on the transaction. Proceeds from the offering will be applied to the partial payment of the bond issued by the subsidiary Lone Star Industries Inc., due in June 2010.

The US Private Placement issue achieves the objectives of providing Buzzi Unicem with substantial long-term funds at favourable rates, thus further improving the overall debt maturity profile, the liquidity indices and the group’s capital structure.