By Rebecca Melvin
New York, Sept. 29 – Lorca Telecom Bondco S.A.U. priced €720 million of senior secured notes due 2027 (//BB) at par, according to a London Stock Exchange post stabilization notice on Tuesday.
The issuer is a subsidiary of Lorca Holdco Ltd., the investment vehicle of a private equity sponsor consortium bidding for Masmovil Ibercom SA.
Morgan Stanley & Co. International plc was bookrunner of the Rule 144A and Regulation S deal.
| Issuer: | Lorca Telecom Bondco S.A.U.
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| Guarantor: | Lorca Holdco Ltd.
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| Issue: | Secured notes
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| Amount: | €720 million
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| Maturity: | 2027
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| Bookrunners: | Morgan Stanley & Co. International plc
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| Price: | Par
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| Announcement date: | Sept. 29
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| Expected rating: | Fitch: BB
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| Distribution: | Rule 144A and Regulation S
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