CMA CGM sets roadshow for $800 million equivalent two-part dual-currency notes offering

By Paul A. Harris

Portland, Ore., May 26 – France-based CMA CGM SA plans to start an international roadshow on Wednesday in New York for an $800 million equivalent two-part offering of senior notes (expected ratings B3/B-), according to an informed source.

The roadshow in the United States is scheduled to wrap up on Friday. A European roadshow is scheduled for June 1 and June 2.

The deal features euro-denominated notes due January 2021, which come with 2.5 years of call protection, and dollar-denominated notes due June 2020, which come with two years of call protection.

Joint global coordinator and bookrunner BNP Paribas will bill and deliver. Morgan Stanley & Co. is also a joint global coordinator and bookrunner.

Credit Agricole CIB, HSBC, ING, SG CIB and UniCredit Bank are joint lead managers.

Proceeds from the Rule 144A and Regulation S for life offering will be used to fully refinance the Marseille, France-based global container shipping services company’s 2017 and 2019 senior notes.

© 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.