| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers J > Headlines for Jerrold Holdings Ltd. > News item |
Jerrold upsizes to £100 million, firms pricing for add-on to 9¾% secured notes due 2018 at 108.5
By Paul A. Harris
Portland, Ore., April 17 – Jerrold Holdings Ltd. talked an upsized £100 million add-on to its 9¾% senior secured notes due Sept. 15, 2018 (expected ratings /BB-/BB-) at 108.5, according to a market source.
The Rule 144A and Regulation S for life deal was upsized from £50 million and is set to price Friday.
Global coordinator Credit Suisse will bill and deliver. Lloyds Bank and Royal Bank of Scotland are also global coordinators.
HSBC Bank plc, Jefferies and Natixis are joint bookrunners.
The issuing entity is financing unit Jerrold Finco plc.
The Cheshire, England-based mortgage lender plans to use the proceeds to refinance debt.
The original £200 million issue priced at par in September 2013.
© 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.