DIEMEN, THE NETHERLANDS — CSM n.v. has signed a laddered private placement notes program with 11 institutional investors in the United States and the United Kingdom.

Under the program, $300 million are being issued in three maturity tranches of 5, 7 and 10 years, with a weighted maturity average of 7.2 years and a weight interest rate average of 4.1%.

The funds will be made available by the investors Oct. 28 with part of the debt to be used to fully repay borrowings assumed under a $385 million revolving credit facility, maturing in July 2011. Additionally, proceeds will be used to replay borrowings under at €700 million credit facility with a remaining tenor until July 2014.

CSM said the program will leave the company with a balance sheet that remains solid and with “ample headroom under the available revolving credit facilities to accommodate further growth,” the company said.

BofA Merrill Lynch and Barclays Capital were bookrunners and placement agents for the transaction.