By Paul A. Harris
Portland, Ore., Oct. 15 – eircom Finance DAC priced a €350 million issue of five-year senior secured notes (B1) at par to yield 1¾% on Tuesday, according to a market source.
Original yield talk was in the 2% area, the source added.
Goldman Sachs led the deal.
The Dublin-based telecom plans to use the proceeds to partially repay the eircom Finco Sarl €1.8 billion term loan due in May 2026.
Issuer: | eicrom Finance DAC
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Amount: | €350 million
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Tenor: | Five years
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Securities: | Senior secured notes
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Lead: | Goldman Sachs
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Coupon: | 1¾%
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Price: | Par
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Yield: | 1¾%
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Call: | Two years
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Trade date: | Oct. 15
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Rating: | Moody's: B1
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