UPDATE 1-Campari completes $250 mln private placement

* Says notes placement in three tranches

* Notes maturing between 2014 and 2019

(Adds details, shares)

MILAN, June 18 (Reuters) - Italy's Campari (CPRI.MI) has completed the issue of $250 million of senior unsecured notes placed in the U.S. private placement market and the proceeds will go towards refinancing debt incurred with an acquisition.

Campari said on Thursday the placement was with institutional investors. The notes are structured in three tranches of $40 million, $100 million and $110 million with 5-year, 7-year and 10-year bullet maturities due in 2014, 2016 and 2019, respectively.

The fixed coupon rates are 6.83 percent, 7.50 percent and 7.99 percent, respectively.

"The proceeds... will be used to refinance debt incurred by the group in connection with the recent acquisition of Wild Turkey, and will substantially lengthen the maturity profile at favourable interest rates with no scheduled principal amortization," the company said in a statement.

Bank of America Merrill Lynch and Calyon Securities (USA) Inc. acted as placement agents.

Campari said a strong response led to an oversubscription of the offering to $250 million from an initial size of $150 million. It last issued senior notes in the U.S. institutional market in 2002 and 2003.

Campari announced the acquisition of the Wild Turkey straight bourbon whiskey brand from Pernod Ricard (PERP.PA) for $575 million in April in its largest acquisition to date aimed at boosting its U.S. presence.

Shares were down 1.29 percent to 5.375 euros at 0915 GMT. (Editing by Mike Nesbit)