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Prospect News home > News index > List of issuers E > Headlines for Eco-Bat Technologies Ltd. > News item
Published on 3/21/2007 in the Prospect News Bank Loan Daily and Prospect News High Yield Daily.

EB Holdings to offer €600 million 10-year fixed rate PIK loan

By Michelle Anderson

Rochester, N.H., March 21 - EB Holdings, Inc. is expected to offer €600 million fixed rate PIK loans (Ba3/B+) due 2017, according to a market source.

Credit Suisse and Citigroup will be joint bookrunners on the deal. Proceeds will be used to repay existing PIK notes and to fund a dividend to shareholders.

The roadshow is slated to begin Thursday.

EB Holdings, Inc. is the parent of Eco-Bat Technologies, a U.K.-based battery recycling company.


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