Remy Cointreau €150 million seven-year notes talked 5 3/8% area, to price mid-week

By Paul A. Harris

St. Louis, Jan. 4 - Price talk on Remy Cointreau SA's €150 million offering of seven-year senior notes (Ba2/BB-) is in the 5 3/8% area, according to an informed source.

The notes will be marketed via an investor conference call scheduled to take place at 12:30 GMT on Wednesday and could price as early as Wednesday afternoon.

The notes will be non-callable for four years.

Banc of America Securities LLC and BNP Paribas are joint bookrunners.

Proceeds will be used to repay bank debt.

Remy Cointreau is a Paris-based distilled spirits maker.

© 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.