Debtholder Information

Bond & credit facilities

Frigoglass main funding sources are bond financing and committed bank facilities.

Outstanding bond

On May 2013, Frigoglass Finance B.V. has successfully issued €250 million Senior Notes due May 15, 2018 at a fixed coupon of 8.25%. The Notes are listed on the Luxembourg Stock Exchange’s Euro MTF market.

Amount Coupon Issue Date Maturity Date ISIN (Reg S)*
€250m 8.25% May 20, 2013 May 15, 2018 XS0932291007

* Rule 144A ISIN code: XS0932307282

The senior unsecured notes issued by Frigoglass Finance B.V. have a rating of CC from S&P and Ca from Moody’s.

Bank facilities

On May 2013, Frigoglass Finance B.V. has signed two bilateral Committed Revolving Credit Facilities of a total amount of €50 million. These facilities will be used for general corporate purposes and carries a floating interest rate over EURIBOR and LIBOR.

Credit ratings

The Group maintains credit ratings with Standard and Poor’s Ratings Services and Moody’s Investors Service.

Rating Agencies Standard and Poor’s Moody’s
Rating CC Caa3
Outlook Negative Negative
Last review 21 March 2017 22 March 2017
Credit Analyst Maxime Puget Lorenzo Re