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Prospect News home > News index > List of issuers E > Headlines for eircom Group Ltd. > News item |
Ireland's eircom plans to sell €310 million seven-year secured notes
By Paul A. Harris
Portland, Ore., May 3 - Irish telecommunications services provider eircom plans to sell €310 million of seven-year senior secured notes (/B/), according to a market source.
A European roadshow is underway through May 9, with a roadshow to follow in the United States.
Goldman Sachs and JPMorgan are the joint global coordinators and joint physical bookrunners. Deutsche Bank is also a joint global coordinator as well as a joint bookrunner.
BNP Paribas, BofA Merrill Lynch and Morgan Stanley are also joint bookrunners.
The notes come with three years of call protection.
The Dublin-based company plans to use the proceeds to repay bank debt.
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