Getlink finalizes talk on €700 million five-year secured green bonds at 3˝%-3 5/8%

By Paul A. Harris

Portland, Ore., Oct. 22 – Getlink SE set final price talk in its €700 million offering of five-year senior secured green notes (expected BB/confirmed BB+) at 3˝% to 3 5/8% on Thursday, according to market sources.

The deal is expected to price before the end of the Oct. 19 week.

BNP Paribas and Goldman Sachs International are the joint global coordinators and active bookrunners. SG is the joint bookrunner.

The notes are non-callable for two years, and there is a change-of-control put at 101.

Proceeds will be used to refinance €550 million of the company’s 3 5/8% senior secured green notes due 2031.

Getlink, formerly known as Groupe Eurotunnel, is a European public company based in Paris that manages and operates the Channel Tunnel between England and France.

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