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Signet pricing $400 million 10-year bonds Wednesday
By Aleesia Forni
Virginia Beach, May 14 - Signet UK Finance plc is in Wednesday's market with a $400 million offering of bonds (//BBB-) due 2024, according to an informed source and a 424B2 filed with the Securities and Exchange Commission.
The joint bookrunners are J.P. Morgan Securities LLC, Fifth Third Securities and PNC Capital Markets LLC.
Proceeds will be used to pay a portion of the company's proposed acquisition of Zale Corp.
The notes will be guaranteed by Signet Jewelers Ltd., a specialty retail jeweler based in Hamilton, Bermuda.
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