AkzoNobel successfully issues €500 million floating rate note (FRN)
06 Novembre 2017 - 6:00PM
November 6, 2017
Akzo Nobel N.V. (AKZA;
AKZOY)
AkzoNobel announces that it has launched a €500
million floating rate note (FRN) at attractive terms, with a
two-year maturity.
The new issue allows AkzoNobel to take advantage
of favorable market conditions and low interest rates while
strengthening its liquidity position. Proceeds of the notes will be
used for general corporate purposes.
The issue will be listed on the Luxembourg Stock
Exchange. Settlement is scheduled for November 10, 2017, and the
notes will mature on November 8, 2019.
AkzoNobel is committed to maintaining a strong
investment grade rating. Currently, the company has an A- rating
with Standard & Poor's and a Baa1 rating with Moody's.
This is a public announcement by
Akzo Nobel N.V. pursuant to section 17 paragraph 1 of the European
Market Abuse Regulation (596/2014). This public announcement does
not constitute an offer, or any solicitation of any offer, to buy
or subscribe for any securities.
- - -
About AkzoNobel
AkzoNobel creates everyday essentials to make
people's lives more liveable and inspiring. As a leading global
paints and coatings company and a major producer of specialty
chemicals, we supply essential ingredients, essential protection
and essential color to industries and consumers worldwide. Backed
by a pioneering heritage, our innovative products and sustainable
technologies are designed to meet the growing demands of our
fast-changing planet, while making life easier. Headquartered in
Amsterdam, the Netherlands, we have approximately 46,000 people in
around 80 countries, while our portfolio includes well-known brands
such as Dulux, Sikkens, International, Interpon and Eka.
Consistently ranked as a leader in sustainability, we are dedicated
to energizing cities and communities while creating a protected,
colorful world where life is improved by what we do.
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publication - for more information
AkzoNobel
Media Relations |
AkzoNobel
Investor Relations |
T: +31
(0)88 969 7833 |
T +31
(0)88 969 7590 |
Contact:
Diana Abrahams |
Contact:
Lloyd Midwinter |
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Statement
This press release contains statements which address such key
issues such as AkzoNobel's growth strategy, future financial
results, market positions, product development, products in the
pipeline and product approvals. Such statements should be carefully
considered, and it should be understood that many factors could
cause forecasted and actual results to differ from these
statements. These factors include, but are not limited to, price
fluctuations, currency fluctuations, developments in raw material
and personnel costs, pensions, physical and environmental risks,
legal issues, and legislative, fiscal, and other regulatory
measures. Stated competitive positions are based on management
estimates supported by information provided by specialized external
agencies. For a more comprehensive discussion of the risk factors
affecting our business please see our latest
annual report, a copy of which can be found on our website:
www.akzonobel.com This press release contains statements which
address such key issues such as AkzoNobel's growth strategy, future
financial results, market positions, product development, products
in the pipeline and product approvals. Such statements should be
carefully considered, and it should be understood that many factors
could cause forecasted and actual results to differ from these
statements. These factors include, but are not limited to, price
fluctuations, currency fluctuations, developments in raw material
and personnel costs, pensions, physical and environmental risks,
legal issues, and legislative, fiscal, and other regulatory
measures. Stated competitive positions are based on management
estimates supported by information provided by specialized external
agencies. For a more comprehensive discussion of the risk factors
affecting our business please see our latest
annual report, a copy of which can be found on our website:
www.akzonobel.com
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The issuer of this announcement warrants that they are solely
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information contained therein.
Source: AkzoNobel NV via Globenewswire
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