Italy’s Evoca talks €550 million seven-year secured floaters at Euribor plus 450 bps area at par

By Paul A. Harris

Portland, Ore., Oct. 18 – Evoca SpA talked its €550 million offering of seven-year senior secured floating-rate notes (B2/B) with a spread to Euribor in the 450 basis points area at a par issue price, sources say.

Deutsche Bank, Goldman Sachs, Banca IMI, BofA Securities, Credit Agricole and JPMorgan are managing the sale.

The notes come with one year of call protection.

The Bergamo, Italy-based manufacturer of food and drink vending machines plans to use the proceeds to repay debt.

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