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Italy’s Rhiag talks €50 million tap of 7¼% notes due 2020 in par area; pricing Thursday
By Paul A. Harris
Portland, Ore., Oct. 23 – Italy’s Rhiag talked a €50 million add-on to its 7¼% senior secured notes due 2020 (expected ratings B2/B) in the par area, a market source said on Thursday.
The Rule 144A and Regulation S for life deal is expected to price Thursday.
Global coordinator Credit Suisse will bill and deliver. BNP Paribas is also a global coordinator. Goldman Sachs International is the joint bookrunner.
Proceeds will be used to repay debt and for general corporate purposes.
The issuer is a Milan-based manufacturer of aftermarket auto parts.
The original €215 million issue, which priced at par, settled on Nov. 11, 2013.
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