Merlin Entertainments to sell €650 million seven-year secured notes

By Abigail W. Adams

Portland, Me., May 22 – Motion Finco Sarl (Merlin Entertainments Ltd.) plans to sell €650 million of seven-year senior secured notes (B2/B) during the May 22 week, according to a market source.

The deal launched with an investor conference call on Monday with Q&A sessions scheduled through Tuesday.

Deutsche Bank (bill and deliver), Barclays, HSBC Securities (USA) Inc., Mizuho Securities USA Inc., Santander Investment Securities Inc., SMBC Nikko Securities America Inc., UniCredit Capital Markets LLC and IMI are bookrunners for the Rule 144A and Regulation S offering.

Proceeds will be used to refinance the €500 million outstanding of the company’s 7% senior secured notes due 2025 and other short-term maturities.

Merlin Entertainments is a Dorset, U.K.-based entertainment company.

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