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ZF North America Capital to price benchmark two-part secured green bullet deal on Tuesday
By Paul A. Harris
Portland, Ore., April 4 – ZF North America Capital Inc., a subsidiary of Germany-based automotive technology components supplier ZF Friedrichshafen AG, plans to price a benchmark two-part dollar-denominated offering of senior secured green bullet notes (Ba1/BB+) on Tuesday, according to market sources.
The notes are being offered in maturities of five years, with early guidance of 7¼% to 7 3/8%, and seven years, with early guidance of 7½% to 7¾%.
Barclays, BofA Securities, Inc., Citigroup Global Markets Inc., J.P. Morgan Securities LLC and Goldman Sachs & Co. LLC are the joint bookrunners.
Proceeds will be used to finance new green projects, or to refinance existing ones.
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