By Paul A. Harris
Portland, Ore., Jan. 12 – Paris-based Atalian priced an upsized €150 million add-on to its 7¼% senior notes due Jan. 15, 2020 (B2/B) at 104.75 to yield 5.896% on Tuesday, according to a market source.
The deal size was increased from €125 million.
The reoffer price came in the middle of the 104.5 to 105 price talk.
Global coordinator Credit Suisse will bill and deliver. BNP Paribas was also a global coordinator. SG was a bookrunner.
The commercial services and supplies company plans to use the proceeds to repay debt.
| Issuer: | La Financiere Atalian AS
|
| Amount: | €150 million, increased from €125 million
|
| Maturity: | Jan. 15, 2020
|
| Security description: | Add-on to 7¼% senior notes due Jan. 15, 2020
|
| Global coordinators: | Credit Suisse (bill and deliver), BNP Paribas
|
| Bookrunner: | SG
|
| Coupon: | 7¼%
|
| Price: | 104.75
|
| Yield to maturity: | 5.896%
|
| Spread: | 611 bps
|
| First call: | Jan. 15, 2017 at 103.625
|
| Change-of-control put: | 101%
|
| Trade date: | Jan. 12
|
| Settlement date: | Jan. 19 with accrued interest
|
| Ratings: | Moody's: B2
|
| Standard & Poor's: B
|
| Distribution: | Rule 144A and Regulation S for life
|
| Price talk: | 104.5 to 105
|
| Marketing: | Roadshow
|
| Original issue: | €250 million priced at par in January 2013
|
| Total issue size: | €400 million
|
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