Verisure to price base size €300 million six-year secured notes; initial talk high 5% area

By Abigail W. Adams

Portland, Me., April 29 – Verisure Holding AB plans to price an offering of six-year senior secured notes (B1/B+) with a base size of €300 million with initial price talk for a yield in the high 5% area, according to a market source.

The notes are non-callable for two years.

There will be an investor call on Monday.

J.P. Morgan Securities LLC is global coordinator and sole physical bookrunner for the Rule 144A and Regulation S offering.

BofA Securities Inc. and Goldman Sachs & Co. LLC are joint global coordinators and bookrunners.

BNP Paribas Securities Corp., Citigroup Global Markets Inc., Deutsche Bank Securities Inc., Morgan Stanley & Co. LLC, Nomura Securities International Inc. and Nordea are joint bookrunners.

Proceeds will be used to repay outstanding revolving credit facility amounts and refinance the company’s term loan.

Verisure is a Switzerland-based smart alarm system 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.