Amrize, part of Holcim, has successfully completed a US$3.4bn bond offering.
The bond offering was more than four times oversubscribed, reflecting strong investor interest in the future company. The transaction is carried out in four tranches:
• US$700m two-year notes priced at a fixed coupon of 4.60 per cent, maturing in 2027
• US$700m three-year notes priced at a fixed coupon of 4.70 per cent, maturing in 2028
• US$1bn five-year notes priced at a fixed coupon of 4.95 per cent, maturing in 2030
• US$1bn 10-year notes priced at a fixed coupon of 5.40 per cent, maturing in 2035.
“The significant market demand for our bond offering demonstrates strong investor confidence in Amrize and the future growth of our business,” said Ian Johnston, designated CFO for Amrize. “We will begin our journey as Amrize in a position of financial strength as we aim to be the partner of choice for professional builders across North America and unlock value for all of our stakeholders.”
Amrize presented its business, growth strategy, capital allocation priorities and mid-term financial targets at its investor day in New York on 25 March 2025, ahead of the planned spin-off from Holcim, which is expected by the end of the first half of 2025.
