Heckler & Koch to start roadshow Tuesday for €290 million equivalent seven-year secured notes

By Paul A. Harris

Portland, Ore., May 2 - Heckler & Koch GmbH will begin a roadshow on Tuesday for €290 million equivalent offerings of seven-year senior secured notes (Caa1), according to an informed source.

The notes, which will be offered in dollars and euros, are in the market via bookrunner Citigroup Global Markets.

The Rule 144A and Regulation S for life deal will be presented at roadshow stops in New York and Boston on Tuesday and Wednesday.

Roadshow stops in Europe are scheduled for Wednesday through Friday and will included stops in London, Edinburgh, Frankfurt, Munich, Paris, Amsterdam, Luxembourg.

Close Brothers is the co-manager.

The notes come with three years of call protection.

Proceeds will be used to refinance existing operating company and holding company debt.

The prospective issuer is an Oberndorf, Germany-based small-arms maker.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.