Loan & DebtJun 9, 2026, 05:16 PM
ICL Group Prices $800M Senior Notes Due 2036 at 6.036%
AI Summary
ICL Group Ltd. announced the pricing of a private offering of $800 million senior unsecured notes due 2036. The notes will bear interest at a rate of 6.036% and are expected to settle on June 16, 2026. The company intends to use the net proceeds for general corporate purposes, including the repayment of outstanding borrowings under its revolving credit facility, other debt, capital expenditures, investments, and acquisitions.
Key Highlights
- ICL Group priced a private offering of $800 million senior unsecured notes.
- The notes are due in 2036 and bear interest at a rate of 6.036%.
- The offering was priced at 100% to yield 6.036%.
- Settlement is expected on June 16, 2026, subject to customary closing conditions.
- Net proceeds will be used for general corporate purposes, including debt repayment.
- Funds will also support capital expenditures, investments, and acquisitions.
- The offering was made to institutional investors under Rule 144A and Regulation S.
Price Impact
More from ICL