By Colin Hanner
Chicago, April 13 – Latvia’s 4finance Holding SA priced $325 million of five-year senior notes at par to yield 10¾% on Thursday, the company said in a news release.
Stifel Nicolaus Europe Ltd. was the bookrunner for the Rule 144A and Regulation S deal.
Proceeds from the new issue will be put toward refinancing 4finance’s dollar-denominated notes due 2019, to call its Swedish krona-denominated notes due 2018 and for general corporate purposes.
4finance is an online and mobile consumer lending group.
| Issuer: | 4finance Holding SA
|
| Description: | Senior notes
|
| Amount: | $325 million
|
| Maturity: | 2022
|
| Bookrunner: | Stifel Nicolaus Europe Ltd.
|
| Co-manager: | ABG Sundal Collier ASA
|
| Coupon: | 10¾%
|
| Price: | Par
|
| Yield: | 10¾%
|
| Call options: | Non-callable for two years
|
| Trade date: | April 13
|
| Settlement date: | April 28
|
| Distribution: | Rule 144A and Regulation S
|
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