Debtholder Information

Bonds & credit facilities

Frigoglass main funding sources consist of bond financing and bank facilities.

On February 12, 2020, Frigoglass S.A.I.C. through its subsidiary Frigoglass Finance B.V. (the “Issuer”) issued €260.0 million in aggregate principal amount of 6.875% Senior Secured Notes due 2025 (the “Notes”). The Notes are guaranteed on a senior secured basis by Frigoglass S.A.I.C. and certain of our subsidiaries (the “Guarantors”) and secured by certain assets of the Issuer and the Guarantors. The Notes mature on February 12, 2025 and pay interest semi‐annually on February 1 and August 1 of each year.

Frigoglass Finance B.V.’s (overseas company number FC034195) registered address is West Africa House, Hanger Lane, Ealing, London W5 3QP (UK establishment registered number BR019283).

 

Aggregate Principal Amount €260,000,000
Issuer Frigoglass Finance B.V.
Status Senior Secured Notes
Issue date February 12, 2020
Maturity date February 12, 2025
Coupon 6.875% per annum
Interest payment dates Semi-annually on February 1 and August 1 in each year, beginning August 1, 2020
Interest record dates: The Clearing System Business Day immediately preceding the related Interest Payment Date.
Denominations €100,000 minimum; €1,000 increments
Stock market listing Official List of the Luxembourg Stock Exchange
Identification numbers: Rule 144A Notes:

ISIN: XS2114234987

Common Code: 211423498

Reg S Notes:

ISIN: XS2114234714

Common Code: 211423471

 


Credit ratings

The Group maintains a credit rating with S & P Global Ratings and Moody’s.

Rating Agencies S & P Global Ratings Moody’s
Rating B- Caa1
Outlook Stable Stable
Last review 10 June 2021 26 July 2021
Credit Analyst Nikolay Popov Elvira Nurgalieva
Details Nikolay.popov@spglobal.com Elvira.Nurgalieva@moodys.com