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DFC Global launches $500 million, £150 million senior secured notes
By Paul A. Harris
Portland, Ore., May 28 - DFC Global Corp. launched offerings of $500 million and £150 million of six-year senior secured notes on Wednesday, according to an informed source.
Jefferies LLC and Credit Suisse Securities (USA) LLC are the joint bookrunners for the Rule 144A and Regulation S for life offer.
The notes become callable after three years at par plus 50% of the coupon.
The issuing entity will be DFC Finance Corp.
The bond deal, to help fund the merger of DFC Global with DFC Finance Corp., an affiliate of Lone Star Funds, is set to price after a shareholders vote on the merger scheduled for June 6.
Berwyn, Pa.-based DFC Global is a non-bank provider of alternative financial services.
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