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CWT Announces Offering of $850 Million of Senior Secured Notes
AMSTERDAM, April 30, 2012 – Carlson Wagonlit Travel (CWT), a global leader specialized in managing business travel and meetings and events, today announced an offering by Carlson Wagonlit B.V. of approximately $850 million of senior secured notes due in 2019 ("the Notes").
The net proceeds of the offering, along with approximately $47 million of cash on hand, will be used for the repayment in full of amounts outstanding under CWT’s senior facilities agreement and for the redemption of its senior floating rate notes due in 2015 (not taking into account accrued and unpaid interest). The revolving credit facility portion of CWT's senior facilities agreement will be replaced by a pre-syndicated $100 million revolving credit facility.
This document is neither an offer of securities for sale nor the solicitation of an offer to purchase securities in the United States or any other jurisdiction. The securities described herein may not be offered or sold in the United States unless they are registered or exempt from registration under the U.S. Securities Act of 1933, as amended (the "Securities Act"). The Notes have not been and will not be registered under the Securities Act and CWT does not intend to make a public offer of its securities in the United States.
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