Evoca starts roadshow for €550 million five-year secured floaters

By Paul A. Harris

Portland, Ore., March 22 – Italy’s Evoca SpA plans to price a €550 million offering of five-year senior secured floating-rate notes (B3/B-/B-) during the March 25 week, according to market sources.

The Rule 144A and Regulation S notes come with one year of call protection.

Deutsche Bank is leading the placement.

The Milan-based supplier of equipment and technology to home and retail coffee industry plans to use the proceeds plus balance sheet cash to redeem its €550 million outstanding of senior secured floating-rate notes due 2026 at par plus accrued and unpaid interest.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.