By Paul A. Harris
Portland, Ore., July 13 – AnaCap Financial Europe SA SICAV-RAIF priced an upsized €325 million issue of Euribor plus 500 basis points seven-year senior secured floating-rate notes (BB-) at 99.5 on Thursday, according to a market source.
The issue size was increased from €315 million.
The reoffer price came on top of price talk. The spread came at the tight end of the 500 bps to 525 bps spread talk.
Morgan Stanley & Co. International plc was the lead bookrunner.
The issuer is a London-based private equity firm.
| Issuer: | AnaCap Financial Europe SA SICAV-RAIF
|
| Amount: | €325 million, increased from €315 million
|
| Tenor: | Seven years
|
| Securities: | Senior secured floating-rate notes
|
| Bookrunner: | Morgan Stanley & Co. International plc
|
| Coupon: | Euribor plus 500 bps
|
| Price: | 99.5
|
| Call protection: | Two years
|
| Trade date: | July 13
|
| Rating: | S&P: BB-
|
| Distribution: | Rule 144A and Regulation S
|
| Price talk: | Euribor plus 500 bps to 525 bps at 99.5
|
| Marketing: | Roadshow
|
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