AkzoNobel N.V. (AMS: AKZA; OTCMKTS: AKZOY) on June 9 launched a €750 million ($868 million) bond with a three-year maturity and a coupon of 3.625%, with proceeds supporting financing initiatives related to the company’s proposed merger with Axalta Coating Systems Ltd.
The bond issue is the latest step toward completing the $25 billion all-stock merger of equals the two companies announced in November 2025, a combination of two of the largest coatings suppliers to the collision repair industry that would bring together Axalta’s Cromax, Standox, Spies-Hecker and Nason refinish brands with AkzoNobel’s Sikkens and Lesonal lines.
The bond will
Subscribers need to be logged in to see rest of this article. Please Login to access. If you're not a subscriber, click here for information on our satisfaction guaranteed subscription options.
Leave a Reply
You must be logged in to post a comment.