Marcolin talks €350 million 5.5-year secured notes to yield 6%-6¼%

By Paul A. Harris

Portland, Ore., May 19 – Marcolin SpA talked its €350 million offering of senior secured notes due 2026 (B3/B-) to yield 6% to 6¼%, according to market sources.

Along with price talk came document changes.

The Regulation S deal has been on a timeline to price mid-to-late in the May 17 week.

Deutsche Bank, UniCredit, Credit Suisse and Banca IMI are the leads.

The 5.5-year notes come with two years of call protection.

The Longarone, Italy-based eyewear company plans to use the proceeds to pay off its revolver, redeem its senior secured floating-rate notes due 2023 and for general corporate purposes.

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