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Agrokor Successfully Closes € 700m Deal

Agrokor Successfully Closes € 700m Deal

Agrokor d.d. announced that it priced a bond offering of €325 million and $300 million of new senior unsecured notes (together, the “Notes”). The Notes will be issued by Agrokor d.d. and mature on February 1, 2020. The Notes will bear interest at 9.125% per annum in respect of the Euro-denominated Notes and 8.875% per annum in respect of the Dollar-denominated Notes.The Notes will be guaranteed on an unsecured senior basis by certain subsidiaries of Agrokor d.d.The transaction is subject to customary closing conditions and settlement is expected to occur on October 9, 2012.The proceeds of the offering will be used together with cash on hand to repay indebtedness outstanding under the existing Syndicated Loan, Club Loan and the EBRD facilities, IFC facilities and Credit Agricole facility.Alongside this bond issue Agrokor also closed a new financial arrangement in the amount of €150 m with BNP Paribas, J.P. Morgan and Zagrebačka banka – Unicredit Group.