By Rebecca Melvin
New York, Jan. 28 – Salini Impregilo SpA has priced €250 million of seven-year fixed-rate senior notes with a 3 5/8% coupon at par, according to regulatory notice on Tuesday.
As previously reported, company intended to price the notes at par via joint lead managers Banca Akros SpA, Gruppo Banco BPM, Banca IMI, BofA Securities, Citigroup, Goldman Sachs International, Natixis and UniCredit Bank.
The deal was marketed via a roadshow in conjunction with an exchange offer for the company’s €600 million of 3¾% notes, as well as €90 million of its bank debt.
Proceeds of the new issue will be used in the exchange and to repay bank debt.
The construction and infrastructure company is based in Milan.
| Issuer: | Salini Impregilo SpA
|
| Amount: | €250 million
|
| Maturity: | Seven years
|
| Securities: | Senior notes
|
| Bookrunners: | Banca Akros SpA, Gruppo Banco BPM, Banca IMI, BofA Securities, Citigroup, Goldman Sachs International, Natixis and UniCredit Bank
|
| Co-managers: | BBVA, Equita SIM and MPS Capital Services Banca per le Imprese SpA
|
| Coupon: | 3 5/8%
|
| Price: | Par
|
| Yield: | 3 5/8%
|
| Marketing: | Roadshow
|
© 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.
