TekSid drops dollar tranche, price talk 11½% area on €225 million eight-year notes

By Paul A. Harris

St. Louis, July 9 - Price talk of 11½% area emerged Wednesday on Teksid SpA's upcoming sale of €225 million eight-year non-call-four senior notes (B2/B-), according to an informed source, who added that the company has dropped a planned dollar tranche.

The deal is expected to price on Thursday.

JP Morgan is the bookrunner

Proceeds will be used to fund the LBO of the company by Questor Partners, JP Morgan Partners, Private Equity Group and AIG.

Barcelona, Spain-based Teksid is a producer of metallurgical products for the automotive industry.

© 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.