Paris water treatment firm Saur to start roadshow Friday for €265 million 10-year notes

By Paul A. Harris

St. Louis, April 7 - Saur Group SA will start a roadshow Friday for its €265 million offering of 10-year senior notes, which are non-callable for four years, according to market sources.

Pricing is expected late next week or early in the week of April 18.

Credit ratings remain to be determined.

BNP Paribas has the books for the Rule 144A/Regulation S with no registration rights offering.

The notes will be guaranteed on a senior subordinated basis by Novasaur and Finasaur.

Proceeds will be used to repay mezzanine bonds issued to partially fund the buyout of Saur Group by PAI Partners.

The prospective issuer is a Paris-based water treatment company.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.