Merlin talks $400 million eight-year bullet notes at 5¾% area yield; pricing Wednesday

By Paul A. Harris

Portland, Ore., May 2 – Merlin Entertainments plc talked a $400 million offering of non-callable eight-year senior notes (Ba2/BB) to yield in the 5¾% area, according to a syndicate source.

Books close at 11 a.m. ET on Wednesday, with pricing and allocations set to follow thereafter.

Citigroup Global Markets Inc. is the left bookrunner for the Rule 144A and Regulation S for life deal. Barclays is the joint bookrunner.

Bank of China, BNP Paribas, HSBC and UniCredit are the co-managers.

The Poole, England-based operator of hotels and holiday attractions plans to use the proceeds to refinance debt.

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