By William Gullotti
Buffalo, N.Y., April 18 – Lorca Telecom Bondco, SAU sold €600 million of 5¾% senior secured notes due 2029, according to a press release on Thursday.
BNP Paribas and Merrill Lynch International are the placement agents.
Proceeds are expected to be utilized to prepay certain debts under indirect parent Lorca Holdco Ltd.’s senior credit facilities, for working capital and/or for general corporate purposes.
Lorca is an issuer under the umbrella of the MasMovil Group. The group offers fixed telephone, mobile telephone, internet and television services in Spain.
| Issuer: | Lorca Telecom Bondco, SAU
|
| Amount: | €600 million
|
| Issue: | Senior secured notes
|
| Maturity: | 2029
|
| Placement agents: | BNP Paribas and Merrill Lynch International
|
| Coupon: | 5¾%
|
| Trade date: | April 18
|
| Settlement date: | April 30
|
| Distribution: | Private placement
|
|
|
© 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.
