Metcash Limited
(ASX:MTS) has completed a $213 million private placement debt issue with US institutional investors.
The company said the proceeds will be used both to refinance existing debt and for general corporate purposes.
The unsecured note issue comprises $US70 million issued at a coupon rate of 4.13 per cent with a 2018 maturity, as well as $US35 million at 4.36 per cent and a 2019 maturity and $US120 million at 4.99 per cent with a 2023 maturity.
In the 2011 financial year Metcash increased its net profit to $251 million.
