Ireland's eircom talks €310 million seven-year notes at 9½% area yield

By Paul A. Harris

Portland, Ore., May 8 - Irish telecommunications services provider eircom talked its €310 million offering of seven-year senior secured notes (/B/) with a yield in the 9½% area, an informed source said on Wednesday.

The books close at 11 a.m. BST on Thursday, or 6 a.m. ET.

Goldman Sachs and JPMorgan are the joint global coordinators and joint physical bookrunners. Deutsche Bank is also a joint global coordinator as well as a joint bookrunner.

BNP Paribas, BofA Merrill Lynch and Morgan Stanley are also joint bookrunners.

The notes come with three years of call protection.

The Dublin-based company plans to use the proceeds to repay bank debt.

© 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.