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Published on 11/19/2020 in the Prospect News High Yield Daily.

New Issue: Stonegate Pub sells £120 million more 8¼% secured notes due 2025 at 99

By Paul A. Harris

Portland, Ore., Nov. 19 – Stonegate Pub Co. Financing 2019 plc priced a £120 million add-on to its 8¼% senior secured notes due 2025 at 99 in a private placement on Thursday, according to a market source.

Barclays was the physical bookrunner and placement agent for the British pub operator’s deal.

Issuer:Stonegate Pub Co. Financing 2019 plc
Amount:£120 million
Maturity:July 31, 2025
Security description:Add-on to 8¼% senior secured notes due 2025
Bookrunner:Barclays
Coupon:8¼%
Price:99
First call date:July 31, 2022
Trade date:Nov. 19
Settlement date:Nov. 30
Distribution:Regulation S

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