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Published on 1/12/2016 in the Prospect News High Yield Daily.

Atalian talks €125 million tap of 7¼% notes due 2020 at 104.5-105

By Paul A. Harris

Portland, Ore., Jan. 12 – Paris-based Atalian talked a €125 million add-on to its 7¼% senior notes due Jan. 15, 2020 (B2/B) at 104.5 to 105, according to a market source.

Books were scheduled to close at 11 a.m. ET on Tuesday, and the deal was set to price thereafter.

Global coordinator Credit Suisse will bill and deliver for the Rule 144A and Regulation S for life deal. BNP Paribas is also a global coordinator. SG is a bookrunner.

The notes become callable after Jan. 15, 2017 at 103.625 and feature a 101% poison put.

The commercial services and supplies company plans to use the proceeds to repay debt.

The original €250 million issue priced at par in January 2013.


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