Orion Cable hosts investor presentation on €365 million PIK facility Thursday

By Michelle Anderson

Rochester, N.H., March 28 - Orion Cable GmbH will host an investor presentation Thursday morning on its planned offering of €365 million of PIK loans due 2017, according to a market source.

The conference will take place in London for the deal, which will be issued through Orion's parent company Escaline Sarl.

Credit Suisse is the bookrunner on the deal.

The loan is expected to price at 99.

Proceeds will be used to fund potential acquisitons, refinance exiting debt and to buy out a minority shareholder.

Orion Cable is an Augsburg, Germany-based cable system operator.

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