New Issue: HellermannTyton prices €220 million Euribor plus 512.5 bps five-year notes at 99

By Paul A. Harris

Portland, Ore., Dec. 6 - HellermannTyton Finance plc priced a €220 million issue of three-month Euribor plus 512.5 basis points senior secured floating-rate notes at 99 on Wednesday, according to an informed source.

The Euribor spread came at the tight end of the 525 bps spread talk. The reoffer price came on top of price talk.

Goldman Sachs International was the global coordinator for the deal, which was slightly upsized from €215 million.

The Vienna, Austria-based global manufacturer of cable management products plans to use the proceeds to repay debt.

Issuer:	HellermannTyton Finance plc
Face amount:	€220 million, increased from €215 million
Proceeds:	€217.8 million
Maturity:	Dec. 15, 2017
Securities:	Senior secured floating-rate notes
Global coordinator:	Goldman Sachs International
Co-managers:	Commerzbank, Mizuho Securities
Coupon:	Three-month Euribor plus 512.5 bps
Price:	99
Call features:	Callable at 101 on Dec. 15, 2013, par on and after Dec. 15, 2014
Trade date:	Dec. 5
Settlement date:	Dec. 12
Distribution:	Rule 144A and Regulation S for life
Price talk:	525 bps area at 99
Marketing:	Roadshow

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