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InterXion talks 1 billion seven-year senior notes to yield 4½%-4Ύ%; pricing expected Friday
By Paul A. Harris
Portland, Ore., June 8 InterXion Holding NV talked its 1 billion offering of seven-year senior notes (B1/BB-) to yield 4½% to 4Ύ%, according to a market source.
The notes are expected to price on Friday.
BofA Merrill Lynch is the lead on the Rule 144A and Regulation S deal. Barclays, ABN Amro Inc., Citigroup Global Markets Inc. and Credit Agricole are also bookrunners.
The notes are non-callable for three years.
The company will enter into a new 200 million senior unsecured revolving credit facility upon completion of the notes offering, according to a company news release.
Proceeds will be used to redeem the companys 625 million of outstanding 6% senior secured notes due 2020.
In addition, proceeds will be used to repay 100 million drawn under its 100 million super senior revolving credit facility, 100 million drawn under its 100 million senior secured revolver, 50 million drawn under its 225 million unsecured subordinated revolver and to terminate the facilities.
Proceeds will also be used for general corporate purposes.
InterXion is an Amsterdam-based provider of carrier and cloud-neutral colocation data center services.
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