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Dometic talks €314 million five-year PIK toggle notes to yield 9½%-9¾%
By Paul A. Harris
Portland, Ore., June 19 – Dometic Group AB talked its €314 million offering of five-year senior PIK toggle notes (Caa2/CCC+) to yield 9½% to 9¾%, according to a market source.
The roadshow was scheduled to wrap up Thursday.
Joint bookrunner Goldman Sachs International will bill and deliver. Nordea is also a joint bookrunner.
DNB Markets, Handelsbanken Capital Markets, SEB and Swedbank are the co-managers.
The Rule 144A and Regulation S notes come with two years of call protection.
Proceeds will be used to repay debt.
Dometic is a Solna, Sweden-based provider of products for recreational, commercial and passenger vehicles, including refrigerators and air conditioners.
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