Part of the proceeds, initially amounting to about 47 million euros (U.S. $50 million), will be used for the early redemption of U.S. dollar notes due this fall. The U.S. dollar notes originally had a volume of $250 million, half of which was repaid in 2015. The remaining proceeds will go towards general corporate purposes (including further repayment of existing indebtedness).
The new euro bond will be listed on the Luxembourg Stock Exchange and there will be no public offering of the bonds in the U.S.
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Double brokering. AI deepfakes. Identity theft. Freight fraud is an existential threat to the industry. Get ahead of it.
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