Europcar starts roadshow for €475 million seven-year notes offering

By Paul A. Harris

Portland, Ore., May 26 – Europcar Groupe SA started a roadshow on Tuesday in London for a €475 million offering of senior notes due 2022, according to a market source.

The roadshow moves to Paris on Wednesday.

Joint global coordinator and physical bookrunner Deutsche Bank will bill and deliver. Credit Agricole CIB is also a joint global coordinator and physical bookrunner). BNP Paribas is a joint global coordinator and joint bookrunner.

Goldman Sachs, HSBC, Lloyds, Royal Bank of Scotland and SG CIB are joint bookrunners.

The notes come with three years of call protection.

The Paris-based car rental arm of Volkswagen plans to use the proceeds from the Rule 144A and Regulation S offering to refinance the €400 million of its existing senior subordinated notes and for general corporate purposes.

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