By Paul A. Harris
Portland, Ore., May 6 - Integrated Dental Holdings and IDH Finance plc priced a £100 million add-on to their Libor plus 500 basis points floating-rate notes due Dec. 1, 2018 at 101.25 on Tuesday, according to a market source.
The reoffer price came at the rich end of the 100.75 to 101.25 price talk.
Global coordinator Credit Suisse will bill and deliver. JPMorgan was also a global coordinator.
The Kearsley, England-based dental services provider plans to use the proceeds to refinance bank debt.
| Issuer: | Integrated Dental Holdings and IDH Finance plc
|
| Face amount: | £100 million
|
| Proceeds: | £101 million
|
| Maturity: | Dec. 1, 2018
|
| Security description: | Add-on to floating-rate notes
|
| Global coordinators: | Credit Suisse (bill and deliver), JPMorgan
|
| Coupon: | Libor plus 500 bps
|
| Price: | 101.25
|
| Trade date: | May 6
|
| Settlement date: | May 9
|
| Distribution: | Rule 144A and Regulation S for life
|
| Price talk: | 100.75 to 101.25
|
| Marketing: | Quick to market
|
| Original issue: | £125 million priced at par on May 22, 2013
|
| Total issue size: | £225 million
|
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