Quick Restaurants marketing €585 million floaters in two tranches

By Paul A. Harris

Portland, Ore., April 1 - France-based Quick Restaurants, issuing via its Financiere Quick SA unit, began a roadshow on Monday in Paris for a €585 million two-part offering of floating-rate notes, according to a market source.

Roadshow stops include London on Tuesday and Wednesday and Frankfurt and Amsterdam on Thursday.

The deal includes a €430 million tranche of five-year senior secured notes, which come with one year of call protection, and a €155 million tranche of 5.5-year senior unsecured notes, which come with 1.5 years of call protection.

Joint global coordinator Goldman Sachs International will bill and deliver. JPMorgan is a joint bookrunner.

Proceeds, together with cash on the balance sheet, will be used to repay existing senior debt, second-lien debt, mezzanine debt, a shareholder loan and convertible bonds.

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