Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers A > Headlines for Aguila 3 SA > News item |
Aguila plans $390 million tap of 7 7/8% notes due 2018; pricing Tuesday or Wednesday
By Paul A. Harris
Portland, Ore., July 29 - Aguila 3 SA has scheduled an investor lunch in New York, as well as an investor conference call, both to begin at noon ET Monday, according to a syndicate source.
Under discussion will be the company's proposed $390 million add-on to its dollar-denominated 7 7/8% senior secured notes due Jan. 31, 2018.
The deal is expected to price on Tuesday afternoon or Wednesday morning.
Citigroup Global Markets, BNP Paribas, SG CIB, Morgan Stanley & Co. and UBS Investment Bank are the joint bookrunners.
Rule 144A and Regulation S notes become callable on Jan. 31, 2014 at 105.906. A special call provision allows the issuer to redeem 10% of the notes annually at 103 during the non-call period.
Proceeds will be used to finance the acquisition of Servisair SAS.
The original notes, in tranches of $425 million and CHF 350 million, priced at par in January 2011. A previous $130 million add-on priced at 103 to yield 7.221% in May 2012.
The new add-on notes will be fungible with the existing notes upon the closing of the acquisition.
Aguila is a Luxembourg-based airport services provider.
© 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.