Please find below all Forbo media releases listed by year.
Forbo successfully placed today a bond of CHF 150 million with a maturity of 4 years, ensuring its financing for the coming years.
Baar, July 6, 2009
Forbo successfully placed today a bond of CHF 150 million with a maturity of 4 years. The bond has a coupon of 4 1/8% and was placed under the lead management of Credit Suisse. Forbo will apply for the listing on the SIX Swiss Exchange.
The proceeds of this bond will be used for the early refinancing of current credit facilities as well as for general financing purposes. Together with the current credit facilities and the private placements Forbo considerably increases its financial flexibility, ensuring the Group’s financing for the coming years.
Forbo is a leading producer of flooring systems, adhesives, as well as power transmission and conveyor belt solutions. The company employs some 6,000 people and has an international network of 44 sites with production and distribution as well as 51 pure sales organizations in a total of 35 countries worldwide. Forbo is headquartered in Baar in the canton of Zug, Switzerland.
Forbo Holding Ltd is listed on the SIX Swiss Exchange (security number 354151, ISIN CH0003541510, Bloomberg FORN SW, Reuters FORN.s).
This E. Schneider
Delegate of the Board of Directors and CEO
Phone +41 58 787 25 49
Fax +41 58 787 20 49