| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers V > Headlines for Verisure Holding AB > News item |
Verisure Holding announces €2.42 billion notes offering in secured, unsecured tranches
By Paul A. Harris
Portland, Ore., Jan. 7 – Verisure Holding AB plans to sell up to €2.42 billion of notes in two tranches, according to market sources.
The deal will feature up to €1.15 billion of senior secured notes and up to €1.27 billion of senior unsecured notes.
The Linkoping, Sweden-based supplier of commercial and home security systems plans to use the proceeds to fund the redemption of its 5¾% senior notes due 2023.
The notes offering was disclosed Thursday in conjunction with a consent solicitation addressed to holders of €700 million of the company’s senior secured floating-rate notes due 2025 and fixed-rate notes due 2023.
The consent solicitation, which is being managed by solicitation agents Goldman Sachs Bank Europe SE and J.P. Morgan AG, expires on Jan. 13.
© 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.