ASPropulsion Capital to bring €200 million 10-year notes to help fund FiatAvio LBO

By Paul A. Harris

St. Louis, Sept. 23 - ASPropulsion Capital BV plans to sell €200 million of senior notes due 2013 (B2) sometime during the week of Sept. 29, informed sources told Prospect News on Tuesday.

Lehman Brothers, Citigroup and Goldman Sachs are joint bookrunners on the Rule 144A/Regulation S offering.

The notes will be non-callable, with a Treasuries plus 50 basis points make-whole call for the first five years.

Proceeds will be used to help fund the leveraged buyout of the FiatAvio SpA aviation engine business, principally by The Carlyle Group.

Avio is an Italian designer and manufacturer of subsystems and components for military and civil aircraft engines and a producer of propulsion systems for space launch vehicles and tactical missile applications.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.