Euro junk investors eye €200 million deal backing LBO of Baltic-based Olympic Entertainment

By Paul A. Harris

Portland, Ore., May 1 – A €200 million offering of Odyssey Europe Holdco senior secured notes (B2), backing the leveraged buyout of Tallinn, Estonia-based Olympic Entertainment Group has generated interest among high-yield investors in Europe, according to a London-based senior debt capital markets banker.

The deal, which is scheduled to be marketed on a roadshow through Friday, is being led by bookrunner Morgan Stanley.

Proceeds will be used to help fund the buyout of gaming group by Novalpina Capital for €288 million.

© 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.