Press release -
Burckhardt Compression successfully places bond of CHF 150 million
Today, August 21st, 2024, Burckhardt Compression successfully placed a bond of CHF 150 million on the Swiss capital market. The bond has a term of 4 years, an annual coupon of 1.5606% and matures in September 2028. The proceeds from the transaction will be primarily used to refinance the outstanding CHF 100 million bond and for general corporate purposes.
Zürcher Kantonalbank acted as Lead Manager on the transaction. The bond will be listed on the SIX Swiss Exchange.
About Burckhardt Compression
Burckhardt Compression creates leading compression solutions for a sustainable energy future and the long-term success of its customers. Together with its brands Burckhardt Compression, PROGNOST, SAMR Métal Rouge and Shenyang Yuanda Compressor, the Group is the only global manufacturer that covers a full range of reciprocating compressor technologies and services. Its customized and modularized compressor systems are used in the Chemical/Petrochemical, Gas Transport & Storage, Hydrogen Mobility & Energy and Industrial Gas sectors as well as for applications in Refinery and Gas Gathering & Processing. Since 1844, its passionate, customer-oriented and solution-driven workforce has set the benchmark in the gas compression industry.
SIX Swiss Exchange: BCHN
Further information at www.burckhardtcompression.com, LinkedIn
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