SIG makes €770 million two-part note offering via Credit Suisse

By Paul A. Harris

St. Louis, June 18 - Swiss beverage packaging firm SIG will start a roadshow on Tuesday for a €770 million two-part offering of notes, with Credit Suisse running the books, according to an informed source.

The company plans to sell €450 million of nine-year senior notes, which will come with four years of call protection, and €320 million of 10-year senior subordinated notes, which will come with five years of call protection.

SIG (Beverage Packaging Holdings (Luxembourg) II SA) is the issuing entity for the Rule 144A for life and Regulation S notes.

Proceeds will be used to refinance the company's €770 million bridge facility related to the leveraged buyout of SIG by Rank Group Holdings Ltd.

SIG has headquarters in Neuhausen am Rheinfall, Switzerland.

© 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.