Netherlands-based Maxeda announces €475 million five-year notes in fixed-, floating-rate tranches

Portland, Ore., July 10 – Maxeda DIY Holding BV announced in a Monday press release that it is offering €475 million of senior secured notes (B-) due 2022 in fixed-rate and floating-rate tranches, subject to market conditions.

The Amsterdam-based do-it-yourself store chain plans to use the proceeds from the Rule 144A and Regulation S deal, together with cash on hand, to pay off its credit facility.

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