Chicago, Jan. 4 – IHS Holding Ltd. sold $1 billion of senior notes (B/BB-) in two parts in the international bond markets, according to multiple press releases.
The notes were guaranteed by IHS and issued by IHS Netherlands BV.
The offering consisted of $500 million of 5 5/8% senior notes due 2026 and $500 million of 6¼% senior notes due 2028, in each case pricing at par.
The Rule 144A and Regulation S notes were sold by Citi, Goldman Sachs Bank Europe SE, J.P. Morgan and Standard Chartered Bank. Citi was listed as the global coordinator.
There was a global investor call and fixed income investors meetings in mid-November.
Proceeds from the Rule 144A and Regulation S issue were used to redeem in full the company’s 7 1/8% senior notes due 2025.
IHS Towers is an independent owner, operator and developer of shared telecommunications infrastructure. Based in the United Kingdom, the company serves Africa, Latin America and the Middle East.
| Issuer: | IHS Netherlands BV
|
| Guarantor: | IHS Holding Ltd.
|
| Amount: | $1 billion
|
| Issue: | Senior notes
|
| Bookrunners: | Citi, Goldman Sachs Bank Europe SE, J.P. Morgan and Standard Chartered Bank
|
| Trade date: | Nov. 18
|
| Settlement date: | Nov. 29
|
| Ratings: | S&P: B
|
| Fitch: BB-
|
| Distribution: | Rule 144A and Regulation S
|
| Marketing: | Investor meeting
|
|
|
| 2026 notes
|
| Amount: | $500 million
|
| Maturity: | 2026
|
| Coupon: | 5 5/8%
|
| Price: | Par
|
| Yield: | 5 5/8%
|
| ISINs: | XS2413632360, US44963HAA32
|
|
|
| 2028 notes
|
| Amount: | $500 million
|
| Maturity: | 2028
|
| Coupon: | 6¼%
|
| Price: | Par
|
| Yield: | 6¼%
|
| ISINs: | XS2413632527, US44963HAB15
|
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