Arrow Global starts roadshow for €220 million seven-year floaters

By Paul A. Harris

Portland, Ore., Oct. 28 – Arrow Global plc and Arrow Global Guernsey Holdings Ltd. began a roadshow on Tuesday for a €220 million offering of seven-year senior secured floating-rate notes, according to a market source.

The roadshow wraps up on Thursday.

Goldman Sachs International is the global coordinator and bookrunner.

The notes come with three years of call protection.

Proceed from the Rule 144A and Regulation S notes, together with cash on hand, will be used to fund the acquisition of the Capquest group and to pay down Arrow Global’s revolving credit facility.

Arrow Global is a Manchester, England-based consumer debt purchaser and provider of receivables management solutions.

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