ContourGlobal launches €100 million tap of 5 1/8% notes due 2021 at 105.75; pricing Wednesday

By Paul A. Harris

Portland, Ore., Feb. 8 – ContourGlobal Power Holdings SA launched an upsized €100 million add-on to its 5 1/8% senior secured notes due June 15, 2021 at 105.75, according to a market source.

The Rule 144A and Regulation S deal, upsized from €50 million, is set to price on Wednesday.

The launch comes rich to the earlier price talk in the 105.375 area.

The Luxembourg-based developer and operator of wholesale electric power generation businesses plans to use the proceeds for general corporate purposes.

The original €550 million issue priced at par on June 10, 2016.

A previous €50 million add-on priced at 102.75 on July 25, 2016.

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