CBR Fashion holds lender call for €470 million offering of six-year secured notes

By Paul A. Harris

Portland, Ore., March 18 – CBR Fashion Group plans to sell €470 million of CT Investment GmbH six-year senior secured notes (B2/B), according to a market source.

The deal was scheduled to kick off on an investor call late Monday morning, London time.

The Rule 144A and Regulation S notes become callable after two years at par plus 50% of the coupon.

Sole physical bookrunner JPMorgan will bill and deliver. Apollo Capital Solutions Europe, Deutsche Bank, Goldman Sachs, Jefferies and UniCredit are the joint bookrunners.

The Isernhagen, Germany-based apparel company plans to use the proceeds to refinance its 5½% senior secured notes due 2026.

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