Chicago, June 2 – Sixt SE priced a €300 million long four-year note offering with a 5 1/8% coupon on Friday, according to a market source.
The notes priced at 99.555 to yield 5¼%, or at mid-swaps plus 215.9 basis points.
Initial price talk was 5 3/8% to 5½%.
BNP Paribas (billing and delivery), Commerzbank, Deutsche Bank and SEB are the joint bookrunners.
Investor calls started on May 30.
The final book size was reported as above €400 million.
The unrated notes will be used for general corporate purposes.
The multinational car rental company is based in Pullach, Germany.
| Issuer: | Sixt SE
|
| Amount: | €300 million
|
| Issue: | Notes
|
| Maturity: | Oct. 9, 2027
|
| Bookrunners: | BNP Paribas (billing and delivery), Commerzbank, Deutsche Bank and SEB
|
| Coupon: | 5 1/8%
|
| Price: | 99.555
|
| Yield: | 5¼%
|
| Spread: | Mid-swaps plus 215.9 bps
|
| Call features: | One month par call
|
| Change of control: | Yes
|
| Trade date: | June 2
|
| Settlement date: | June 9
|
| Ratings: | Unrated
|
| Distribution: | Regulation S
|
| Price talk: | 5 3/8% to 5½%
|
| ISIN: | DE000A351WB9
|
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