By Paul A. Harris
Portland, Ore., April 26 – La Financiere Atalian SAS launched and priced an upsized €625 million issue of seven-year senior notes (B2/B+) at par to yield 4% on Wednesday, according to a market source.
The deal size is increased from €600 million.
The yield came inside of original yield talk in the 4¼% area.
Joint global coordinator and physical bookrunner Credit Suisse will bill and deliver. BNP Paribas is also a joint global coordinator and physical bookrunner.
The Paris-based provider of outsourced building services plans to use the proceeds to take out its 7¼% senior notes due 2020, to pay off existing bilateral agreements and for general corporate purposes, including acquisitions.
| Issuer: | La Financier Atalian SAS
|
| Amount: | €625 million, increased from €600 million
|
| Maturity: | May 15, 2024
|
| Securities: | Senior notes
|
| Bookrunners: | Credit Suisse (bill and deliver), BNP Paribas
|
| Coupon: | 4%
|
| Price: | Par
|
| Yield: | 4%
|
| Call protection: | Three years
|
| Trade date: | April 26
|
| Ratings: | Moody's: B2
|
| S&P: B+
|
| Distribution: | Rule 144A and Regulation S
|
| Price talk: | 4¼% area
|
| Marketing: | Roadshow
|
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