Selecta to redeem notes, repay loans via €1.3 billion six-year notes

By Susanna Moon

Chicago, Jan. 16 – Selecta Group BV plans to redeem notes, repay its senior term loan and retire its revolving credit facility using proceeds of about €1.3 billion of new six-year senior secured notes, according to a market source.

Proceeds also will be used for the Argenta refinancing, to repay an Argenta Group shareholder, to repay a Selecta minority investor and to fund cash on the balance sheet, the source said.

Selecta is a Zurich-based vending and coffee services company.

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