United Drug agrees €131m private placement

Dublin-based healthcare service provider United Drug said it has agreed a $170m (€131m) private placement loan note issue, which is scheduled to be completed and drawn down in September.

7th August, 2013

Dublin-based healthcare service provider United Drug said it has agreed a $170 million (€131 million) private placement loan note issue, which is scheduled to be completed and drawn down in September.

The notes have maturities of 10 and 12 years and a weighted average fixed annual interest rate of 3.7 per cent, the company said in an interim management statement. Half of the funds raised will be used to repay bank facilities and existing loan note...

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