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Titan talks €375 million offering of notes due 2029 at 5¼% area
By Rebecca Melvin
Concord, N.H., July 1 – Titan Holdings II BV was talking a €375 million offering of senior notes due 2029 to yield in the area 5¼%, according to a pre-stabilization notice and market sources.
Kouti BV, a subsidiary of Titan, is guarantor of the Rule 144A and Regulation S notes (expected ratings: Caa2/CCC+/CCC+).
Deutsche Bank AG and Barclays are global coordinators and joint bookrunners together with BNP Paribas, Credit Agricole, Credit Suisse and UBS as bookrunners of the deal.
The Amsterdam-based company is part of a group focused on manufacturing cement and building products.
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