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Arrow Global to sell €220 million seven-year secured floaters
By Paul A. Harris
Portland, Ore., Oct. 27 – Arrow Global plc and Arrow Global Guernsey Holdings Ltd. announced plans to sell €220 million senior secured floating-rate notes due 2021 in a Monday press release.
No timing or syndicate names were disclosed.
Proceed from the Rule 144A and Regulation S notes, together with cash on hand, will be used to fund the acquisition of the Capquest group and to pay down Arrow Global’s revolving credit facility.
Arrow Global is a Manchester, England-based consumer debt purchaser and provider of receivables management solutions.
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