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Maxeda to price €475 million two-part five-year notes on Thursday
By Paul A. Harris
Portland, Ore., July 10 – Maxeda DIY Holding BV plans to price a €475 million offering of senior secured notes due 2022 in fixed-rate and floating-rate tranches on Thursday, according to a market source.
Tranche sizes remain to be determined.
Goldman Sachs & Co. is the lead bookrunner.
The fixed-rate notes come with two years of call protection. The floating-rate notes come with one year of call protection.
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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