Published on 4/6/2017 in the Prospect News High Yield Daily.
New Issue: Grupo Antolin-Irausa prices €400 million 3¼% seven-year notes
By Paul A. Harris
Portland, Ore., April 6 – Grupo Antolin-Irausa, SA announced in a Thursday press release that it priced a €400 million issue of 3¼% seven-year senior secured notes (Ba3/BB-).
Deutsche Bank AG, London Branch is the stabilization coordinator.
The Burgos, Spain-based supplier of automotive components plans to use the proceeds to repay the Grupo Antolin Dutch BV 4¾% senior secured notes due 2021.
| Issuer: | Grupo Antolin-Irausa, SA
|
| Amount: | €400 million
|
| Tenor: | Seven years
|
| Securities: | Senior secured notes
|
| Stabilization coordinator: | Deutsche Bank AG, London Branch
|
| Coupon: | 3¼%
|
| Trade date: | April 6
|
| Settlement date: | April 21
|
| Ratings: | Moody's: Ba3
|
| S&P: BB-
|
| Marketing: | Roadshow
|
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