ORPAR, a holding company controlled by the Dubreuil family, said in a statement it will offer an initial EU150M ($170M) of bonds exchangeable into Remy Cointreau shares.
- Sale can be increased to EU200M
- 80% of the proceeds will be used to purchase Remy Cointreau shares on the market
- Bonds to have implied exchanged price of 27.5% to 32.5%over the reference price of Remy Cointreau shares
- Bonds are due July 2019
- HSBC is global coordinator and bookrunner.