Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers E > Headlines for Elior Group SA > News item |
Elior sets talk on €500 million five-year notes in low 4% area; debut deal to price this week
By Paul A. Harris
Portland, Ore., June 30 – Elior Group SA set initial talk on its €500 million offering of five-year senior notes (Ba3/expected BB-) in the low 4% area, according to a market source.
The deal, with which the Paris-based food service and catering contractor is making its debut in the high-yield bond market, is expected to price before the end of the week.
BNP Paribas is managing the offering.
The notes come with two years of call protection.
Proceeds will be used to refinance Elior's term loan and for general corporate purposes.
© 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.