Motor Fuel Group runs roadshow for £400 million secured notes in support of acquisition

By Paul A. Harris

Portland, Ore., April 3 – Motor Fuel Group began a roadshow on Wednesday for a £400 million offering of CD&R Firefly Bidco plc five-year senior secured notes (B2/B), according to market sources.

The roadshow is scheduled to continue on Thursday.

The Rule 144A and Regulation S for life notes become subject to an initial call after two years at par plus 50% of the coupon.

Left physical bookrunner Deutsche Bank will bill and deliver. BNP Paribas, RBC Capital Markets and SMBC Nikko are joint physical bookrunners.

Barclays, BofA, Citigroup, Goldman Sachs, HSBC, ING, Lloyds, NatWest, Rabo, Santander and SG are joint bookrunners.

The U.K.-based filling station company, sponsored by Clayton, Dubilier & Rice, plans to use the proceeds to help fund its acquisition of Morrisons' fuel forecourts.

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