Sources: Holcim Ltd., Zug, Switzerland; CP staff
Amrize, the North American entity set for spin-off from Holcim Ltd., completed a $3.4 billion bond offering in four tranches: $700 million two-year and three-year notes, respectively maturing in 2027 and 2028, and $1 billion five-year and 10-year notes, respectively maturing in 2030 and 2035—the fixed coupons at 4.6 percent to 5.4 percent.
“The significant market demand for our bond offering demonstrates strong investor confidence in Amrize and the future growth of our business,” says designated Chief Financial Officer Ian Johnston. “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 stakeholders.”
Amrize announced the bond offering two weeks after a robust investor day in New York City, where executives outlined the financial prospects for a portfolio of Holcim US, Holcim Building Envelope and Lafarge Canada assets. Their spin-off from Holcim Ltd.—and concurrent launch of Amrize as a separate business traded on the New York Stock Exchange—is pending shareholder approval and scheduled to be completed by mid-year.
Related article
Amrize-Bound Holcim Officials State Their Business Case For Wall Street Audience