AnaCap guides €350 million 5.5-year floaters at 600-650 bps over Euribor at discount

By Paul A. Harris

Portland, Ore., Feb. 7 – AnaCap Financial Europe SA SICAV-RAIF set initial price talk for its €350 million offering of 5.5-year senior secured floating-rate notes at Euribor plus 600 basis points to 650 bps at a to-be-determined original issue discount, according to market sources.

Global coordinator and physical bookrunner Credit Suisse will bill and deliver. HSBC is also a global coordinator and physical bookrunner.

The company will also put in place a new €62.5 million revolving credit facility.

The London-based private equity firm plans to use the proceeds to redeem its outstanding senior secured floating-rate notes due 2024 and to pay off its old revolver.

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