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eDreams Odigeo talks €375 million 5.5-year secured notes at 5½%-5¾%
By Paul A. Harris
Portland, Ore., Jan. 19 – eDreams Odigeo SA talked its €375 million offering of 5.5-year senior secured notes (Caa1/CCC+/B-) to yield 5½% to 5¾%, according to a market source.
The deal has been in the market on a timeline that has it pricing before the end of the Jan. 17 week.
Global coordinator Deutsche Bank will bill and deliver. Barclays and Santander are also global coordinators.
The notes will come with two years of call protection.
The Barcelona, Spain-based travel company plans to use the proceeds plus proceeds from its equity sale to repay debt.
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