By Paul A. Harris
Portland, Ore., Jan. 10 - France's La Financiere Atalian SA priced an upsized €250 million issue of seven-year senior notes (B3/B/) at par to yield 7¼% on Thursday, according to market sources.
The yield printed at the tight end of the 7¼% to 7½% yield talk.
Credit Suisse Group AG will bill and deliver.
Credit Suisse, Credit Agricole SA and Societe Generale SA managed the deal.
The commercial services and supplies company plans to use the proceeds to refinance debt.
| Issuer: | La Financiere Atalian SA
|
| Amount: | €250 million, upsized from €235 million
|
| Maturity: | Jan. 15, 2020
|
| Securities: | Senior notes
|
| Bill and deliver: | Credit Suisse Group AG
|
| Managers: | Credit Suisse, Credit Agricole SA, Societe Generale SA
|
| Coupon: | 7¼%
|
| Price: | Par
|
| Yield: | 7¼%
|
| Spread: | 633 bps
|
| First call: | Jan. 15, 2017 at 103.625
|
| Trade date: | Jan. 10
|
| Settlement date: | Jan. 17
|
| Ratings: | Moody's: B3
|
| Standard & Poor's: B
|
| Distribution: | Rule 144A and Regulation S for life
|
| Price talk: | 7¼% to 7½%
|
| Marketing: | Roadshow
|
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