By Taylor Fox
New York, Jan. 29 – Laboratoire Eimer and CAB SAS priced an upsized €1.05 billion of notes in two tranches, according to a notice.
CAB upsized its seven-year non-callable three-year senior secured notes (B2/B-) to €800 million from €750 million, and Laboratoire Eimer sold €250 million of eight-year non-callable three-year senior unsecured notes (Caa1/CCC/CCC+).
Both series of fixed-rate notes priced at par.
J.P. Morgan AG, BNP Paribas, Natixis, Citi, Credit Agricole CIB, Deutsche Bank, Goldman Sachs International and HSBC are the managers.
The notes are listed on the Luxembourg Stock Exchange.
Laboratoire Eimer is the top entity that indirectly owns the French lab testing group CAB.
| Issuers: | Laboratoire Eimer and CAB SAS
|
| Issue: | Fixed rate senior secured notes
|
| Amount: | €1.05 billion, upsized from €1 billion
|
| Lead managers: | J.P. Morgan AG, BNP Paribas, Natixis, Citi, Credit Agricole CIB, Deutsche Bank, Goldman Sachs International and HSBC
|
| Trade date: | Jan. 29
|
|
|
| Seven-year notes
|
| Issuer: | CAB SAS
|
| Issue: | Fixed-rate senior secured notes
|
| Amount: | €800 million, upsized from €750 million
|
| Price: | Par
|
| Call: | Non-callable for three years
|
| Rating: | Moody’s: B2
|
| S&P: B-
|
|
|
| Eight-year notes
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| Issuer: | Laboratoire Eimer
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| Issue: | Fixed-rate senior notes
|
| Amount: | €250 million
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| Price: | Par
|
| Call: | Non-callable for three years
|
| Rating: | Moody’s: Caa1
|
| S&P: CCC
|
| Fitch: CCC+
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