Travelex to price €360 million five-year secured notes this week, eyes debt refinancing

By Paul A. Harris

Portland, Ore., April 24 – Travelex Financing plc, a subsidiary of Travelex Holdings Ltd., expects to price a €360 million offering of five-year senior secured notes on Thursday, according to a market source.

JPMorgan has the books for the Rule 144A and Regulation S offering.

The notes come with two years of call protection.

The London-based foreign exchange company plans to use the proceeds to repay the Travelex Financing 8% senior secured notes due 2018 and floating-rate notes due 2018.

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