By Christine Van Dusen
Atlanta, March 30 - Mexico's Grupo Papelero Scribe priced $300 million 8 7/8% notes (Ba3/BB-) due April 7, 2020 at par, according to a market source.
Credit Suisse was the bookrunner for the issue, which includes a five years of call protection.
Grupo Papelero Scribe is a Mexico City-based pulp producer and manufacturer of printing and writing paper.
Proceeds will be used to refinance debt.
| Issuer: | Grupo Papelero Scribe
|
| Issue: | Senior notes
|
| Amount: | $300 million
|
| Maturity: | April 7, 2020
|
| Coupon: | 8 7/8%
|
| Price: | Par
|
| Call features: | Non-callable for five years
|
| Bookrunner: | Credit Suisse
|
| Trade date: | March 30
|
| Settlement date: | April 7
|
| Ratings: | Moody's: Ba3
|
| Standard & Poor's: BB-
|
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