Océ N.V. announces that it successfully entered the US Private Placement Market and issued Senior Notes for a total amount of USD 215 million and GBP 20 million to qualified US and UK institutional investors.

On April 19, Océ closed a transaction that provided the company access to the largest private placement market in the world. As a first time issuer Océ was able to raise USD 215 million in maturities ranging from 5 to 10 years and GBP 20 million with a maturity of 10 years. The latter tranche has been swapped into USD denominated obligations.

The funds will be used for general corporate purposes and for the repayment of short term debt while also offering long term currency protection of USD assets.

Océ’s CFO Jan van den Belt: “We are very happy that we met with such a good demand for Océ notes in the largest capital market of the world. We believe that for us the US Private Placement market is a natural funding base as our US business now comprises almost half of Océ’s activities."

ABN AMRO Incorporated and Barclays Capital Inc. acted as agents and Rabo Securities USA Inc. as financial advisor to Océ in this transaction

Reactie van XEA.nl,
De koers van het aandeel reageerde positief en ook zal er in de AVA vandaag te Venlo wel nader op in gegaan zijn. Wij waren positief over de ontwikkelingen bij Oce en daar lijken wij tocht gelijk in te krijgen.

De koers van Oce was EUR 13,91 +57 cent en een omzet van ruim 519.000 sts.