Published on 2/6/2018 in the Prospect News High Yield Daily and Prospect News Private Placement Daily.
New Issue: HLD Europe to sell up to €50 million of 4% bonds due 2023 at par
By Susanna Moon
Chicago, Feb. 6 – HLD Europe said it priced up to €50 million of 4% bonds due 2023 at par with an issue date set for Tuesday.
Proceeds will be used for general corporate purposes and for subsequent investments in a diversified portfolio of unlisted companies mainly domiciled in Europe, according to a company announcement.
MidCap Partners is the arranger and Edmond de Rothschild is the paying agent.
HLD Europe is a private equity firm based in Luxembourg.
| Issuer: | HLD Europe
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| Issue: | Bonds
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| Amount: | €50 million
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| Maturity: | Dec. 19, 2023
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| Coupon: | 4%
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| Price: | Par of €100,000
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| Yield: | 4%
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| Arranger: | MidCap Partners
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| Paying agent: | Edmond de Rothschild
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| Call option: | At make-whole price beginning Feb. 6, 2022 for up to 50% of bonds, then beginning June 19, 2022, up to 100% of bonds
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| Put option: | At par plus accrued interest upon change of control or breach of covenants and beginning Dec. 19, 2021 at 50% of par plus accrued interest or beginning June 19, 2022 at par plus accrued interest
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| Issue date: | Feb. 6
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