Deals this week: Nippon Shikizai, NBTY

Nippon Shikizai will issue 930,000 new shares through a non-public offering at a price of $3.17 a share, to raise up to $2.95m. The shares are expected to be issued on 10 May.

The company is involved in manufacturing and selling of cosmetics and other beauty products. It also deals with manufacturing of medical products.

NBTY, an American manufacturer of vitamins and nutritional supplements, has announced a senior notes offering due 2021 through a private placement.

The gross proceeds of $1.07bn to be raised through the issue are meant to be used for funding the repayment of outstanding senior notes due next year and 2018. The funds will also help pay back the company’s outstanding loan amount, which was borrowed for existing senior secured credit facilities.

Part of the proceeds will also be used to pay for related transaction fees and expenses of the issue.

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Image: Nippon Shikizai, a cosmetic manufacturing and selling company, is issuing its share through a non-public offering to raise $2.95m. Photo: courtesy of Courtney Rhodes.