Mexico's Grupo KUO plans $200 million 10-year note offering

By Aaron Hochman-Zimmerman

New York, Oct.1 - Grupo KUO SAB de CV intends to sell $200 million of 10-year senior unsecured notes (BB-/BB-), according to a market source.

Credit Suisse and Citigroup will act as joint bookrunners for the Rule 144A and Regulation S deal.

The bonds are callable after five years at a premium, which steps down to par after three further years. During the first five years the bonds have a make-whole call at Treasuries plus 50 basis points.

There is a change-of-control put at 101.

A roadshow will be held Oct. 2 on the U.S. west coast, Oct. 3 in New York, Oct. 4 in Boston, Oct. 5 in London, and Oct. 8 in London and Europe.

Grupo Kuo is a Bosques de las Lomas, Mexico-based holding company engaged in the manufacturing of auto parts, chemicals and food products.

© 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.