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Hyva Global whispers $375 million five-year notes at high 8%-9% area
By Christine Van Dusen
Atlanta, March 16 - Netherlands-based Hyva Global BV whispered its planned $375 million offering of notes due 2016 (B1/B+/BB-) at the high 8% to 9% area, a market source said.
The notes - via Bank of America Merrill Lynch, Goldman Sachs, Nomura and Standard Chartered - are expected to price Thursday.
Proceeds will be used to fund the acquisition of Hyva by Unitas Capital and NWS Holdings from 3i Group plc.
Hyva Global is a Netherlands-based hydraulic-cylinder maker.
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