Grupo Antolin issues 250 million euros in senior secured notes with an interest rate of 3.375% This issuance is intended to finance the repurchase of the €400 million aggregate principal amount senior secured notes due 2022 issued by the company in 2015 with an annual interest rate of 5.125%. The company analyses other financing options to complete the repurchase of the €400 million senior secured notes.

Analysts were particularly impressed by the solid results of Grupo Antolin and its growth strategy as well as the strong position of the company regarding the future of the global automotive interiors industry.

The company’s sales reached 5,037 million euros in 2017, compared to 4,982 in 2016. Ebitda reached 466 million in 2017 (vs. 462 million in 2016). Net debt amounted 893 million euros at the end of the last year.

Source: Grupo Antolin (see the entire post)