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Vendex drops floating-rate notes from €275 million offer, 10-year notes talked at 7 7/8% to 8%
By Paul A. Harris
St. Louis, Sept. 30 - Victoria Acquisition II BV's (Vendex) €275 million of 10-year senior fixed-rate notes (B3/B) were talked at 7 7/8% to 8%, according to a market source.
The deal is expected to price on Friday.
The company has eliminated a planned tranche of floating-rate notes from the offer.
Citigroup and ING are the bookrunners.
Proceeds will be used to finance the acquisition of Vendex KKB, led by Kohlberg Kravis Roberts & Co., Cinven, Permira and AlpInvest.
Vendex is an Amsterdam, Netherlands, department store owner.
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