debt
confidence high
sentiment neutral
materiality 0.55
Axalta subsidiary to issue $500M notes, redeem €450M 3.750% notes due 2025
Axalta Coating Systems Ltd.
- Axalta Dutch Holding B.B. offers $500M senior unsecured notes in private offering.
- Net proceeds to redeem all €450M of 3.750% Senior Notes due 2025 and pay costs.
- Notes fully and unconditionally guaranteed by Axalta Coating Systems Ltd. and certain subsidiaries.
- Remaining proceeds for general corporate purposes.