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Harland Clarke amendment would pave way for $200 million tack-on to 9¼% notes due 2021
By Paul A. Harris and Sara Rosenberg
Portland, Ore., July 22 – Harland Clarke Holdings Corp. began paving the way for a $200 million tack-on to its 9¼% senior notes due March 1, 2021 as it launched an amendment to its credit facility on Tuesday, according to a market source.
Credit Suisse Securities (USA) LLC is leading the amendment that would clear the way for the bond deal.
Consents are due at the end of the present week.
The San Antonio-based provider of payment, marketing and security services plans to use the proceeds from the tack-on to fund a dividend.
The original $540 million issue priced at par on Jan. 27, 2014.
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