E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Add to balance / Manage account  User:  Log out
Prospect News home > News index > List of issuers V > Headlines for Verde Bidco SpA > News item
Published on 9/14/2021 in the Prospect News Green Finance Daily and Prospect News High Yield Daily.

Itelyum talks €450 million five-year secured sustainability linked notes to yield 5%-5¼%

By Paul A. Harris

Portland, Ore., Sept. 14 – Italy-based chemicals manufacturer Itelyum Group talked its €450 million offering of five-year senior secured sustainability linked notes (B2/B) to yield 5% to 5¼%, according to a market source.

The deal is set to price on Wednesday.

BofA and Credit Suisse are leading the offering.

The notes come with two years of call protection.

The issuing entity Verde Bidco SpA, a holding company of Itelyum.

Proceeds will be used to help fund the acquisition of Itelyum by Stirling Square Capital Partners and Deutsche Beteiligungs AG.


© 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.