New Issue: Guala Closures prices €200 million 9 3/8% seven-year notes at par

By Paul A Harris

Portland, Ore., April 15 - Beverage container manufacturer Guala Closures SpA priced €200 million seven-year senior notes (B2/B/) at par to yield 9 3/8% on Friday, according to market sources.

The yield printed in the middle of the 9¼% to 9½% price talk.

Intesa Sanpaolo SpA, Natixis, Credit Suisse Group and UniCredit SpA managed the sale.

The Alessandria, Italy-based company plans to use the proceeds to refinance debt.

Issuer:	GCL Holdings SCA (Guala Closures SpA)
Amount:	€200 million
Maturity:	April 15, 2018
Securities:	Senior notes
Bookrunners:	Intesa Sanpaolo SpA, Natixis, Credit Suisse Group, UniCredit SpA
Coupon:	9 3/8%
Price:	Par
Yield:	9 3/8%
Call protection:	Three years
Trade date:	April 15
Settlement date:	April 20
Ratings:	Moody's: B2
	Standard & Poor's: B
Distribution:	Rule 144A and Regulation S for life
Price talk:	9¼% to 9½%

© 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.