Spain's Gestamp starts roadshow for €750 million secured notes due 2020 on Monday

By Paul A. Harris and Aleesia Forni

Virginia Beach, Va., April 29 - Gestamp Funding Luxembourg SA (Gestamp Automacion SL) is starting a roadshow on April 29 ahead of a proposed €750 million offering of senior secured notes due 2020, according to a market source.

Deutsche Bank Securities Inc. will bill and deliver, while BofA Merrill Lynch, Bakia, Barclays, BBVA Securities Inc., Caxia, Commerzbank, Itau, Santander and SG CIB are the joint bookrunners.

Sabadell is a co-manager.

The Rule 144A and Regulation S notes will be non-callable for three years.

Proceeds will be used to refinance debt.

Gestamp is an Abadino, Spain-based engineering company.

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