LBC has successfully raised €225 million via a recent US private placement issue, marking a significant milestone in the company’s strategic growth initiatives. This achievement highlights LBC’s ability to access substantial long-term funding while maintaining strong liquidity to support future expansion.
The capital, allocated to fund the next phase of LBC’s growth, will be disbursed in two tranches: €100 million on 11 December 2024, and €125 million on 21 May 2025, at no additional cost. This funding will fully support the company’s final investment decision projects and provide surplus liquidity for additional opportunities.
Key highlights of the funding include:
The issue being oversubscribed 6.4 times, with initial plans to raise €175 million increased to €225 million due to strong demand.
The involvement of nine lenders, seven of which are new to LBC credit.
Pricing tightened within the lower range of guidance.
The transaction was managed with NAB and CA-CIB as joint placement agents. Legal representation included Latham & Watkins for LBC and White & Case for the lenders.
This success demonstrates LBC’s robust financial standing and its capacity to attract a diverse pool of investors. It reflects the company’s strong operational performance and its commitment to sustainable growth, as it continues to invest in infrastructure upgrades and capacity expansion to support new products and services.
LBC expressed excitement about the opportunities this funding unlocks, emphasizing its commitment to delivering value for stakeholders while contributing to a sustainable future.
For more information visit www.lbctt.com
