Published on 10/27/2016 in the Prospect News High Yield Daily.
New Issue: Spains DomusVi prices 328 million secured notes in two tranches
By Paul A. Harris
Portland, Ore., Oct. 27 HomeVi SAS, the holding company for France-based DomusVI, priced 328 million of senior secured notes (B2/B) in two tranches on Wednesday, according to a market source.
The deal included a 128 million add-on to the 6 7/8% senior secured notes due Aug. 15, 2021 that priced at 106 to yield 5.51%.
Also a 200 million tranche of new five-year senior secured floating-rate notes priced at par to yield Euribor plus 425 bps.
The company, which provides services to elderly people in France and in Spain, plans to use the proceeds as part of the financing for the contemplated acquisition of the SARquavitae group, an elderly care services provider in Spain.
| Issuer: | HomeVi SAS
|
| Amount: | 328 million
|
| Bookrunners: | Goldman Sachs International, Deutsche Bank, Natixis, Societe Generale
|
| Trade date: | Oct. 26
|
| Settlement date: | Nov. 9
|
| Ratings: | Moody's: B2
|
| S&P: B
|
| Distribution: | Rule 144A and Regulation S
|
| Marketing: | Roadshow
|
|
|
| Add-on notes
|
| Amount: | 128 million
|
| Maturity: | Aug. 15, 2021
|
| Security description: | Add-on to 6 7/8% senior secured fixed-rate notes due Aug. 15, 2021
|
| Coupon: | 6 7/8%
|
| Price: | 106
|
| Yield: | 5.51%
|
| First call: | Aug. 15, 2017 at 103.438
|
|
|
| Floating-rate notes
|
| Amount: | 200 million
|
| Maturity: | Nov. 15, 2021
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | Euribor plus 425 bps
|
| Price: | Par
|
| Yield: | Euribor plus 425 bps
|
| First call: | Nov. 15, 2022 at 101
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
