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Symrise secures financing for Diana acquisition through $680 million bond issue

1:00 PM MDT | July 3, 2014 | Michael Ravenscroft

Symrise (Holzminden, Germany) says it has secured financing for its €1.3 billion ($1.78 billion) acquisition of the Diana Group by issuing a bond for €500 million. The company says that the bond was oversubscribed ‘several times.’ The bond is part of a comprehensive financing concept of €1.3 billion, which will be used by Symrise to finance the acquisition—the largest in the company’s history—over the long term. “With the bond successfully issued, our long-term financing concept for the Diana acquisition is...

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