November 7 2019  |  Retailers

Dufry prices Senior Notes at €750 million

By Laura Shirk

In a snapshot of financial planning, Dufry Group intends to issue €750 million (US $830.4 million) of Senior Notes due 2027. Note: The annual interest rate will be 2% and interest will be payable semi-annually in arrears.

The leading global travel retailer recently announced that proceeds from the offering will be used to refinance the existing €700 million principal amount of outstanding Senior Notes due 2023 and reduce existing bank debt.

It is expected that the Senior Notes will be admitted to the Official List of The International Stock Exchange.

The Notes will be offered and sold only to non-US persons outside the US pursuant to the amended Securities Act of 1933. Stay tuned for more details to come.

Brand News

August 7 2020

NUXE enters summer with limited…

​Planning to make waves this summer and create a “chilled” seasonal vibe, NUXE is launching three limited edition bottles…

By Jas Ryat

August 6 2020

CircleSquare acquires stake in…

CircleSquare has announced the acquisition of a significant stake in Swiss digital marketing agency comtogether. The bright…

By Hibah Noor

August 6 2020

Travel Blue Group locks in retail…

Orell Füssli Thalia AG, One of Switzerland’s leading book retailers, has taken Travel Blue travel accessories and Lexingham,…

By Jas Ryat

August 5 2020

Brown Forman completes sale of…

​Brown-Forman Corporation announced that it completed the sale of the Early Times, Canadian Mist and Collingwood brands and…

By Jas Ryat

August 5 2020

Loch Lomond Whiskies launches refresh…

​Loch Lomond Whiskies has unveiled a complete brand refresh of its packaging and range offering…

By Jas Ryat

August 3 2020

Il Vino dei Poeti Prosecco Doc…

​Bottega SpA will have the new Prosecco Doc Rosé, available on the European market in November

By Jas Ryat

July 30 2020

Tito’s appoints new representative…

Effective August 1, 2020, Toronto-based Borders Duty Free Agency Ltd. has been appointed to represent Tito’s Handmade Vodka…

By Laura Shirk

July 28 2020

Sunglasses Workshop to be hosted…

​The collective of sunglasses suppliers – Kering Eyewear, Luxottica Group, Marchon, Marcolin and Safilo – announced that…

By Jas Ryat

July 24 2020

Marking 75th consecutive year,…

​Brown-Forman Corporation’s Board of Directors declared a regular quarterly cash dividend of $0.1743 on its Class A and Class…

By Jas Ryat

Copyright 2020 DutyFree Magazine. All rights reserved. Privacy Policy Sitemap