By Paul A. Harris
Portland, Ore., June 19 - InterXion Holding NV priced an upsized €325 million issue of seven-year senior secured notes at par to yield 6% on Wednesday, according to a syndicate source.
The issue was upsized from €300 million.
The yield printed on top of downwardly revised yield talk. Earlier talk was 6% to 6¼%.
Barclays, Credit Suisse, BofA Merrill Lynch and Citigroup were the joint bookrunners. Barclays will bill and deliver.
The Schiphol-Rijk, Netherlands-based company plans to use the proceeds to fund the tender for its 9½% senior secured notes due 2017.
InterXion is a provider of premium carrier-neutral data centers.
| Issuer: | InterXion Holding NV
|
| Amount: | €325 million, increased from €300 million
|
| Maturity: | July 15, 2020
|
| Securities: | Senior secured notes
|
| Bookrunners: | Barclays (bill and deliver), Credit Suisse, BofA Merrill Lynch, Citigroup
|
| Coupon: | 6%
|
| Price: | Par
|
| Yield: | 6%
|
| Spread: | 508 bps
|
| First call: | July 15, 2016 at 104.5
|
| Trade date: | June 19
|
| Settlement date: | July 3
|
| Ratings: | Moody's: B2
|
| Standard & Poor's: B+
|
| Distribution: | Rule 144A and Regulation S for life
|
| Price talk: | 6%, revised from 6% to 6¼%
|
| Marketing: | Roadshow
|
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