Key milestone successfully reached ahead of Holcim’s planned North American spin-off
AMRIZE have achieved an important milestone on the path toward their planned listing with the successful completion of a US$3.4 billion bond offering reflecting strong investor interest in the future company.
Amrize shares will be listed on the New York Stock Exchange (NYSE) with an additional listing on the SIX Swiss Exchange.
The US$3.4 billion bond offering was more than four times oversubscribed and the transaction comprises four tranches:
US$700 million two-year notes priced at a fixed coupon of 4.60% maturing in 2027
US$700 million three-year notes priced at a fixed coupon of 4.70% maturing in 2028
US$1.0 billion five-year notes priced at a fixed coupon of 4.95% maturing in 2030
US$1.0 billion ten-year notes priced at a fixed coupon of 5.40% 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 chief financial officer 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 their business, growth strategy, capital allocation priorities, and mid-term financial targets at their 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.
