By Devika Patel
Knoxville, Tenn., April 20 Garfunkelux Holdco 3 SA priced a 175 million private placement of additional senior secured floating-rate notes due 2021, according to an 8-K filed Thursday with the Securities and Exchange Commission.
The notes priced at 101.25 with a coupon of Euribor plus 550 basis points.
Proceeds will be used to repay debt under the groups revolving credit facility and to provide additional liquidity for further portfolio acquisitions.
The issuer originally sold 230 million of the notes in September 2016.
Garfunkelux consolidates the operating subsidiaries of Lowell Group Ltd. and GFKL Financial Services GmbH.
The debt collector is based in Austria.
| Issuer: | Garfunkelux Holdco 3 SA
|
| Issue: | Senior secured floating-rate notes
|
| Amount: | 175 million add-on
|
| Maturity: | 2021
|
| Coupon: | Euribor plus 550 bps
|
| Price: | 101.25
|
| Pricing date: | April 20
|
| Settlement date: | April 21
|
| Distribution: | Private placement
|
| Original issue: | 230 million priced in September 2016
|
© 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.
