Published on 3/1/2021 in the Prospect News High Yield Daily.
New Issue: EG Group prices £675 million five-year notes at par to yield 6¼%
By Paul A. Harris
Portland, Ore., March 1 – EG Group Ltd. priced £675 million of five-year secured notes at par to yield 6¼% in a Friday private placement, according to a market source.
Barclays was the sole physical placement agent. Additional placement agents were BofA, Deutsche Bank, HSBC, Lloyds, Morgan Stanley and Rabobank.
The issuer is a Blackburn, England-based operator of filling stations and fast-food outlets.
Issuer: | EG Global Finance pls
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Amount: | £675 million
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Maturity: | March 30, 2026
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Securities: | Secured notes
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Physical placement agent: | Barclays
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Placement agents: | BofA, Deutsche Bank, HSBC, Lloyds, Morgan Stanley and Rabobank
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Coupon: | 6¼%
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Price: | Par
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Yield: | 6¼%
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First call: | March 12, 2023 at 103.125
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Trade date: | Feb. 26
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Settlement date: | March 12
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Distribution: | Regulation S
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Marketing: | Private placement
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