Netherlands' Hyva to price $375 million five-year notes in week ahead

By Paul A. Harris

Portland, Ore., March 7 - Hyva Global BV plans to price a $375 million offering of five-year senior secured notes (B1/B+/BB-) in the week ahead, according to an informed source.

The deal is being transacted on an emerging markets desk in Asia, the source added.

Bank of America Merrill Lynch, Goldman Sachs & Co., Nomura Securities and SCB are leading the planned sale.

Proceeds will be used to fund the acquisition of Hyva by Unitas Capital and NWS Holdings from 3i Group Plc.

Hyva is a Netherlands-based based hydraulic-cylinder maker.

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