Selecta plans roadshow for €550 million dual-currency secured notes

By Paul A. Harris

Portland, Ore., June 9 – Selecta Group BV plans to start a roadshow on Tuesday for a €550 million equivalent offering of senior secured notes due 2020 (expected ratings B2/B+), according to a market source.

The two-part deal is expected to come in the form of a €350 million minimum tranche and a Swiss franc-denominated tranche, the size of which remains to be determined.

The roadshow wraps up on Friday, and the deal is set to price thereafter.

Joint bookrunner Goldman Sachs International will bill and deliver. BNP Paribas is also a joint bookrunner. KKR is the co-manager.

The Rule 144A and Regulation S notes come with 2.5 years of call protection.

The Cham, Switzerland-based provider of vending equipment and services plans to use the proceeds to refinance debt.

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