France's Labco starts roadshow for €500 million seven-year notes

By Paul A. Harris

Portland, Ore., Jan. 11 - France's Labco SAS began a roadshow on Tuesday in Paris for a €500 million offering of seven-year senior secured notes (B3//BB-), according to informed sources.

The roadshow continues on Wednesday in London.

Credit Suisse, Deutsche Bank, Natixis Bleichroeder and UBS are the joint bookrunners.

The notes are formatted according to the provisions of Rule 144A and Regulation S and are being sold without registration rights.

The notes come with three years of call protection.

The Paris-based clinical laboratory operator will use the proceeds to refinance existing debt.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.