By Paul A. Harris
Portland, Ore., April 13 – Autodis SA announced on Friday that it priced €80 million of its Euribor plus 437.5 basis points senior secured floating-rate notes due 2022 at 100.5.
Proceeds will be used to repay about €36 million under its revolving credit facility agreement entered into on Oct. 26, 2016 and for general corporate purposes.
The issuer is a Paris-based distributor of aftermarket spare parts for light vehicles.
| Issuer: | Autodis SA
|
| Amount: | €80 million
|
| Maturity: | 2022
|
| Security description: | Add-on to Euribor plus 437.5 bps senior secured floating-rate notes due 2022
|
| Coupon: | Euribor plus 437.5 bps
|
| Price: | 100.5
|
| Pricing date: | April 12
|
| Settlement date: | April 21
|
| Distribution: | Regulation S
|
| Original issue: | €260 million priced on Nov. 4, 2016
|
| Total issue size: | €340 million
|
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