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Stork expected to sell €345 million secured notes for debt refinancing
By Paul A. Harris
Portland, Ore., June 28 - Netherlands-based Stork Technical Services Holding BV has been marketing €345 million of high-yield debt to accounts in Europe and the United States, according to market sources.
The deal is expected to come in the form of a seven-year senior secured note and could hit the market as early as the July 2 week, according to a debt capital markets banker in London.
Goldman Sachs International will have the books.
Proceeds will be used to refinance debt.
Stork is a Utrecht, Netherlands-based services provider to the oil and gas industry.
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