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Frigoglass talks €260 million five-year notes at 7% area yield
By Paul A. Harris
Portland, Ore., Jan. 30 – Athens-based Frigoglass SAIC talked its €260 million offering of five-year senior secured notes (B3/B-) to yield in the 7% area, according to a market source.
The notes come with two years of call protection.
The Rule 144A and Regulation S deal is in the market via subsidiary Frigoglass Finance BV.
The glassmaker and producer of refrigeration products plans to use the proceeds to repay debt and for general corporate purposes.
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