Chicago, March 8 – EP Infrastructure AS sold €500 million 1.816% senior notes due March 2, 2031 (Baa3/BBB/BBB-), according to a company notice.
The notes were sold at par and priced to yield mid-swaps plus 180 basis points.
The order book peaked at €2.7 billion.
The greatest majority of allocations went to asset managers. In terms of country breakdown, German investors received the highest percentage of allocations at 31%.
Citi, HSBC, IMI – Intesa Sanpaolo, SMBC Nikko and UniCredit were joint bookrunners for the deal.
Proceeds, according to Fitch Ratings, are expected to be used for partial prepayment of facilities and dividend distribution.
The Prague-based company is an energy infrastructure company operating primarily in the Slovak Republic and the Czech Republic.
| Issuer: | EP Infrastructure AS
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| Issue: | Senior notes
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| Amount: | €500 million
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| Maturity: | March 2, 2031
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| Bookrunners: | Citi, HSBC, IMI – Intesa Sanpaolo, SMBC Nikko and UniCredit
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| Coupon: | 1.816%
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| Price: | Par
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| Yield: | 1.816%
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| Spread: | Mid-swaps plus 180 bps
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| Pricing date: | Feb. 26, 2021
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| Ratings: | Moody’s: Baa3
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| S&P: BBB
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| Fitch: BBB-
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