By Paul A. Harris
Portland, Ore., April 26 – La Financiere Atalian SAS priced €610 million equivalent of seven-year senior notes (B2/B+) in two tranches on Thursday, according to a market source.
The deal included €350 million notes that priced at par to yield 5 1/8% and £225 million notes that priced at par to yield 6 5/8%.
Joint global coordinator Credit Suisse will bill and deliver. BNP Paribas was also a joint global coordinator. Citigroup was a joint bookrunner.
The Paris-based facilities management services provider plans to use the proceeds to fund the acquisition of Servest UK, as well as to refinance substantially all Servest UK’s debt and for general corporate purposes, including acquisitions.
| Issuer: | La Financiere Atalian SAS
|
| Amount: | €610 million equivalent
|
| Securities: | Senior notes
|
| Maturity: | Seven years
|
| Call protection: | Three years
|
| Joint global coordinators: | Credit Suisse (bill and deliver), BNP Paribas
|
| Joint bookrunner: | Citigroup
|
| Trade date: | April 26
|
| Ratings: | Moody's: B2
|
| S&P: B+
|
| Distribution: | Rule 144A and Regulation S
|
| Marketing: | Roadshow
|
|
|
| Euro-denominated notes
|
| Amount: | €350 million
|
| Coupon: | 5 1/8%
|
| Price: | Par
|
| Yield: | 5 1/8%
|
|
|
| Sterling-denominated notes
|
| Amount: | £225 million
|
| Coupon: | 6 5/8%
|
| Price: | Par
|
| Yield: | 6 5/8%
|
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