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Published on 1/11/2016 in the Prospect News High Yield Daily.

Atalian starts roadshow for €125 million tap of 7¼% notes due 2020; pricing this week

By Paul A. Harris

Portland, Ore., Jan. 11 – Paris-based Atalian began a European roadshow on Monday for a €125 million add-on to its 7¼% senior notes due Jan. 15, 2020 (B2/B), according to a market source.

The roadshow for the Rule 144A and Regulation S for life deal runs through Tuesday.

Pricing is set for the midweek period.

Global coordinator Credit Suisse will bill and deliver. BNP Paribas is also a global coordinator. SG is a bookrunner.

The notes become callable after Jan. 15, 2017 at 103.625 and feature a 101% poison put.

The commercial services and supplies company plans to use the proceeds to repay debt.

The original €250 million issue priced at par in January 2013.


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