Dufry Group, the leading global travel retailer, placed US dollar-denominated senior notes in an aggregate principal amount of USD 500 million with qualified institutional investors in Switzerland and abroad. The notes have a term of eight years. The annual interest rate will be 5.5 percent and interest will be payable semi-annually in arrears.

The proceeds will be used for early repayment of the term loan tranches of Dufry’s 2008 Senior Credit Facilities, which are scheduled to mature in 2013. With this step, Dufry has taken advantage of the positive capital market environment to successfully diversify its sources of financing and extend its maturity profile at attractive rates.