Matalan starts roadshow for £250 million five-year secured notes

By Paul A. Harris

Portland, Ore., April 1 - British clothing and housewares retailer Matalan plc began a roadshow on Friday for a £250 million offering of five-year senior secured notes (expected ratings Ba2/BB), according to market sources.

The Europe-only roadshow is set to wrap up on Tuesday.

Goldman Sachs International has the books for the Rule 144A and Regulation S offering.

Lloyds Bank Corporate Markets is the joint lead manager. Royal Bank of Scotland in the co-manager.

The notes come with two years of call protection.

The Skelmersdale, England-based company plans to use the proceeds to repay bank debt.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.