{"id":787,"date":"2008-05-07T06:15:27","date_gmt":"2008-05-07T14:15:27","guid":{"rendered":"http:\/\/www.boardistan.com\/?p=787"},"modified":"2008-05-07T10:51:26","modified_gmt":"2008-05-07T18:51:26","slug":"oakley-still-dragging-luxottica-down","status":"publish","type":"post","link":"http:\/\/www.boardistan.com\/?p=787","title":{"rendered":"Oakley Still Dragging Luxottica Down"},"content":{"rendered":"<p>With a net debt of 2.79 billion euros (thanks in a large part to their $1.5 billion purchase of <strong><a href=\"http:\/\/www.oakley.com\/\">Oakley<\/a><\/strong>) <strong><a href=\"http:\/\/www.luxottica.com\/english\/index.html\" target=\"_blank\">Luxottica<\/a><\/strong> is reportedly launching the &#8220;<span style=\"font-family: Arial; font-size: 13px;\">placement of $300 million worth of 10-year bonds with institutional investors&#8221; according to a report in <strong><a href=\"http:\/\/www.ilsole24ore.com\/\" target=\"_blank\">Il Sole 24 Ore.<\/a><\/strong><\/span><\/p>\n<blockquote>\n<p style=\"font-family: Arial, Helvetica, sans-serif; font-size: 13px;\">The proceeds will be used to refinance the $2.1 billion acquisition of the U.S. group Oakley completed in November last year.<\/p>\n<p>In August, Luxottica said that the purchase would be financed by a $1.5 billion amortizing term loan with a maturity of five years and by a $500 million short-term bridge loan underwritten by Bank of America and UniCredit Market and Investment Banking.<\/p>\n<\/blockquote>\n<p>But according to <strong><a href=\"http:\/\/www.forbes.com\/afxnewslimited\/feeds\/afx\/2008\/05\/07\/afx4978914.html\" target=\"_blank\">Forbes<\/a><\/strong> , no one at the company is commenting. They&#8217;re sticking to their official numbers of &#8220;<strong><a href=\"http:\/\/www.prnewswire.com\/cgi-bin\/stories.pl?ACCT=104&amp;STORY=\/www\/story\/04-24-2008\/0004799640&amp;EDATE=\" target=\"_blank\">strong growth<\/a><\/strong> .&#8221;<\/p>\n<p><strong>[Link: <a href=\"http:\/\/www.forbes.com\/afxnewslimited\/feeds\/afx\/2008\/05\/07\/afx4978914.html\" target=\"_blank\">Forbes<\/a>]<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>With a net debt of 2.79 billion euros (thanks in a large part to their $1.5 billion purchase of Oakley) Luxottica is reportedly launching the &#8220;placement of $300 million worth of 10-year bonds with institutional investors&#8221; according to a report in Il Sole 24 Ore. The proceeds will be used to refinance the $2.1 billion [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"ngg_post_thumbnail":0,"footnotes":""},"categories":[10],"tags":[],"_links":{"self":[{"href":"http:\/\/www.boardistan.com\/index.php?rest_route=\/wp\/v2\/posts\/787"}],"collection":[{"href":"http:\/\/www.boardistan.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.boardistan.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.boardistan.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"http:\/\/www.boardistan.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=787"}],"version-history":[{"count":0,"href":"http:\/\/www.boardistan.com\/index.php?rest_route=\/wp\/v2\/posts\/787\/revisions"}],"wp:attachment":[{"href":"http:\/\/www.boardistan.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=787"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.boardistan.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=787"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.boardistan.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=787"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}