By Pierre Bertrand

Remy Cointreau said it has successfully issued a non-listed and not-rated private 380 million-euro ($399.2 million) bond placement.

The bonds have maturities of 7, 10 and 12 years and a weighted average coupon of 5.58%, the company said.

Net proceeds will be used for general corporate purposes and the issue enables Remy Cointreau to enhance its funding flexibility, to diversify its financing and to extend the average maturity of its debt, it added.

Write to Pierre Bertrand at pierre.bertrand@wsj.com

(END) Dow Jones Newswires

September 28, 2023 12:00 ET (16:00 GMT)

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