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Verisure sets initial talk on €500 million secured notes due 2027 at 9¼%-9½%; pricing this week
By Paul A. Harris
Portland, Ore., Sept. 27 – Verisure Holding AB circulated initial price talk on its €500 million offering of senior secured notes due 2027 (B1/B) at 9¼% to 9½%, according to market sources.
The roadshow is scheduled to wrap up on Thursday, and the deal is set to price before the end of the week.
Goldman Sachs, BofA, JPMorgan, BNP Paribas, Deutsche Bank, Morgan Stanley, Nomura and Nordea are leading the sale.
The five-year notes come with two years of call protection.
Verisure, a Versoix, Switzerland, alarm manufacturer and installer, plans to use the proceeds plus balance sheet cash to redeem its 3½% senior secured notes due 2023.
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