France’s Financiere Quick tenders for secured, unsecured floaters

New York, April 10 – Financiere Quick SAS began a tender offer for its €360 million of senior secured floating-rate notes due April 15, 2019 and €145 million of unsecured floating-rate notes due Oct. 15, 2019.

The company is offering €1,001.17 per €1,000 principal amount for the secured notes and €1,011.89 per €1,000 principal amount for the unsecured notes.

Quick will also pay accrued interest up to but excluding the payment date.

The tender ends at 11 a.m. ET on April 19.

Payment is planned for no later than April 21.

Quick sold the original notes under both Rule 144A and Regulation S but the tender offer applies only to Regulation S securities.

The tender offers are subject to conditions including a financing condition.

Quick said that the tenders are part of a refinancing transaction under which parent company Burger King France SAS will issue €555 million of new floating-rate and fixed-rate senior secured notes.

Proceeds from the new notes will be used to fund the tender and completion of that offering constitutes the financing condition.

Quick plans to redeem any notes not tendered on May 10.

Goldman Sachs International (+44 20 7774 9862 or liabilitymanagement.eu@gs.com) is dealer manager for the tenders. Lucid Issuer Services Ltd. (+44 20 7704 0880 or quick@lucid-is.com) is tender agent.

Quick is a La Plaine Saint-Denis, France-based operator of hamburger restaurants in Belgium, Luxembourg and France.

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