THOM Europe starts roadshow for €345 million two-part notes offering

By Paul A. Harris

Portland, Ore., July 7 – Paris-based jewelry retailer THOM Europe SAS began a roadshow on Monday for a €345 million two-part offering of five-year senior secured notes (B2/B/), according to a market source.

The deal is expected to price on Friday.

The deal features a €200 million minimum tranche of fixed-rate notes, non-callable for two years, and a to-be-determined amount of floating-rate notes with one year of call protection.

Global coordinator and physical bookrunner Goldman Sachs International will bill and deliver. Credit Suisse is also a global coordinator and physical bookrunner. SG CIB and Lloyds are joint bookrunners.

Proceeds will be used to repay bank debt.

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