Lowell/Garfunkelux to sell €705 million equivalent five-year secured floating-rate notes

By Paul A. Harris

Portland, Ore., Jan. 16 – Credit management firm Lowell announced in a Tuesday press release that it plans to sell €705 million equivalent of Garfunkelux Holdco 3 SA euro- and krona-denominated senior secured floating-rate notes due 2023.

Proceeds from the Rule 144A and Regulation S offering will be used to finance the acquisition of the carve-out business from Intrum in the Nordic region.

Lowell maintains headquarters in Leeds, England, and Essen, Germany.

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