Gestamp plans investor calls ahead of €400 million notes offering

By Paul A. Harris

Portland, Ore., May 3 – Gestamp Funding Luxembourg SA plans to hold conference calls with investors on Wednesday and Thursday ahead of a planned offering of €400 million senior secured notes due 2023, according to a market source.

Joint bookrunner Deutsche Bank will bill and deliver for the Rule 144A and Regulation S notes offering. CaixaBank, BBVA, Bankia, BNP Paribas, BofA Merrill Lynch, Santander and SG CIB are also joint bookrunners.

The notes come with three years of call protection.

The Abadino, Spain-based manufacturer of automotive components and structural systems plans to use the proceeds to redeem or repurchase its 5 7/8% senior secured notes due 2020.

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