Eco-Bat Technology €185 million notes talked at 10%-10¼%, pricing late-week

By Paul A. Harris

St. Louis, Jan. 22 - Price talk of 10%-10¼% emerged Wednesday on Eco-Bat Technology Ltd.'s upcoming sale of €185 million senior guaranteed notes due 2013 (B1), according to a syndicate source.

The deal will price late in the week of Jan. 22, the source added.

Credit Suisse First Boston and Salomon Smith Barney are joint bookrunners.

The Rule 144A notes are non-callable for five years.

Proceeds will be used to finance the acquisition of two recycling plants.

The issuer is a battery recycler based in the U.K.

© 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.