By Paul A. Harris
St. Louis, Feb. 9 - InterXion Holding priced a €200 million issue of seven-year senior secured fixed-rate notes (/B-/) at par to yield 9½% on Tuesday, according to an informed source.
The notes priced on top of price talk.
Citigroup, Bank of America Merrill Lynch, Barclays Capital and Credit Suisse were the joint bookrunners.
Proceeds will be used to repay the company's revolving credit facility.
InterXion is a Tupolevlaan, Netherlands-based provider of premium carrier-neutral data centers.
| Issuer: | InterXion Holding
|
| Amount: | €200 million
|
| Maturity: | Feb. 12, 2017
|
| Securities: | Senior secured fixed-rate notes
|
| Bookrunners: | Citigroup, Bank of America Merrill Lynch, Barclays Capital, Credit Suisse
|
| Coupon: | 9½%
|
| Price: | Par
|
| Yield: | 9½%
|
| Spread: | 685.8 bps
|
| Call protection: | Four years
|
| Trade date: | Feb. 9
|
| Settlement date: | Feb. 12
|
| Rating: | Standard & Poor's: B-
|
| Price talk: | 9½% area
|
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