Switzerland's Eden Springs to start roadshow on Friday for €210 million secured floating-rate notes

By Paul A. Harris

Portland, Ore., April 10 - Eden Springs plans to start a roadshow on Friday for a €210 million offering of five-year senior secured floating-rate notes (expected ratings B2/B), according to a market source.

The roadshow is scheduled to wrap up on April 17.

Joint global coordinator Credit Suisse will bill and deliver. Jefferies, Rabobank and UBS are also joint global coordinators.

The Rule 144A and Regulation S for life notes come with one year of call protection.

The Preverenges, Switzerland-based company plans to use the proceeds to refinance debt and repay a shareholder loan.

Eden Springs is a provider of water and coffee solutions in Europe and Israel.

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