Published on 11/5/2014 in the Prospect News Emerging Markets Daily.
New Issue: Mexico’s SixSigma prices $500 million 8¼% notes due 2021 at par
By Christine Van Dusen
Atlanta, Nov. 5 – SixSigma Networks Mexico SA de CV (KIO) priced $500 million seven-year notes (expected ratings: B1/BB-) at par to yield 8¼% on Tuesday, a market source said.
Citigroup, Goldman Sachs, JPMorgan and Morgan Stanley were the bookrunners for the Rule 144A and Regulation S deal.
The proceeds will be used to repay debt related to an acquisition and for general corporate purposes.
KIO is a Mexico City-based provider of data center services.
| Issuer: | SixSigma Networks Mexico SA de CV (KIO)
|
| Amount: | $500 million
|
| Maturity: | Nov. 7, 2021
|
| Description: | Notes
|
| Bookrunners: | Citigroup, Goldman Sachs, JPMorgan, Morgan Stanley
|
| Co-manager: | Barclays
|
| Coupon: | 8¼%
|
| Price: | Par
|
| Yield: | 8¼%
|
| Trade date: | Nov. 4
|
| Settlement date: | Nov. 7
|
| Expected ratings: | Moody’s: B1
|
| Standard & Poor’s: BB-
|
| Distribution: | Rule 144A and Regulation S
|
| Price talk: | High-8% area
|
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