Amrize, Holcim’s North American business that will emerge following a spinoff later this year, completed a $3.4 billion bond offering Monday.
The company says the milestone reflects “strong investor interest in the future company,” with the bond offering oversubscribed by more than four times.
According to Amrize, the $3.4 billion transaction is comprised of four tranches, including:
• $700 million two-year notes priced at a fixed coupon of 4.6 percent, maturing in 2027
• $700 million three-year notes priced at a fixed coupon of 4.7 percent, maturing in 2028
• $1 billion five-year notes priced at a fixed coupon of 4.95 percent, maturing in 2030
• $1 billion 10-year notes priced at a fixed coupon of 5.4 percent, maturing in 2035
“The significant market demand for our bond offering demonstrates strong investor confidence in Amrize and the future growth of our business,” says Ian Johnston, designated CFO at Amrize. “We will begin our journey as Amrize in a position of financial strength as we aim to be the partner of choice for professional builders across North America and unlock value for all of our stakeholders.”
