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Published on 7/22/2014 in the Prospect News High Yield Daily.

France’s Winoa postpones €260 million notes due to market conditions

By Paul A. Harris

Portland, Ore., July 22 – Winoa Group postponed its €260 million offering of six-year senior secured notes (B2/B-) due to market conditions, a market source said on Tuesday.

The Le Cheylas, France-based producer and distributor of steel abrasive products had planned to use the proceeds to refinance debt.

Deutsche Bank and KKR were the underwriters.


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