England’s Wagamama starts roadshow for £225 million secured notes

By Paul A. Harris

Portland, Ore., June 26 – Wagamama Ltd. is roadshowing a £225 million offering of five-year senior secured notes through Wednesday, according to a market source.

Morgan Stanley & Co. International plc and KKR are managing the Rule 144A and Regulation S offer.

The notes come with 1.5 years of call protection.

The London-based restaurant chain specializing in Asian cuisine plans to use the proceeds to redeem all of Wagamama Finance plc’s £150 million of outstanding senior secured notes and to repay certain amounts of deferred interest on loan notes.

The issuing entity will be Wagamama Finance plc which, like Wagamama Ltd., is a wholly owned subsidiary of Mable Mezzco Ltd.

© 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.