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Georgia’s Silknet to price dollar-denominated five-year notes
By Rebecca Melvin
Concord, N.H., Jan. 19 – Silknet JSC plans to price U.S. dollar-denominated five-year senior notes (expected rating: B1//B), according to a notice on Wednesday.
The notes are non-callable for two years, and the deal size is expected to total $300 million.
Proceeds are expected to be used mainly to repay dollar-denominated notes due April 2024 and lari-denominated notes due 2022, according to rating agency reports.
J.P. Morgan Securities plc, UBS Investment Bank and TBC Capital are managers of the Regulation S deal.
The telecommunications company is based in Tbilisi, Georgia.
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