Published • loading... • Updated
Hybar Announces Pricing of $400,000,000 of Senior Secured Green Notes
Kestrel 360 said the notes meet Climate Bonds Standard Version 4.3 as Hybar plans a second steel rebar mini mill.
- On Monday, Hybar LLC announced the pricing of $400,000,000 in Senior Secured Green Notes due 2034, targeting qualified institutional buyers in the United States and international markets.
- Hybar intends to use the proceeds to finance construction and equipping of a second steel rebar mini mill, termed the "Expansion Mini Mill," located at the company's existing site.
- The Notes carry a 7.375% interest rate and are designated as "Green Bonds Climate Bond Certified," with Kestrel 360, Inc. confirming conformance to the Climate Bonds Standard .
- Goldman Sachs and TPG Capital BD are acting as joint lead bookrunners for the transaction, while Hybar remains owned by TPG Rise Climate, part of TPG's $32 billion global impact investing platform.
- Subject to customary closing conditions, the offering is expected to close on or about June 25, 2026, and the Notes have not been registered under the Securities Act of 1933.
Insights by Ground AI
20 Articles
20 Articles
Farm Talk Newspaper+19 Reposted by 19 other sources
Hybar Announces Pricing of $400,000,000 of Senior Secured Green Notes
OSCEOLA, Ark., June 15, 2026 /PRNewswire/ -- Hybar LLC ("Hybar") announced today the pricing of the previously announced offering (the "Offering") of $400,000,000 aggregate principal amount of 7.375% Senior Secured Green Notes due 2034 (the "Notes") (i) to persons reasonably…
·Parsons, United States
Read Full ArticleCoverage Details
Total News Sources20
Leaning Left0Leaning Right1Center13Last UpdatedBias Distribution93% Center
Bias Distribution
- 93% of the sources are Center
93% Center
C 93%
Factuality
To view factuality data please Upgrade to Premium
