Ireland’s eircom starts roadshow for €350 million six-year secured notes offering

By Paul A. Harris

Portland, Ore., June 6 – Dublin-based telecom company eircom Finance DAC began a brief roadshow on Monday in London for a €350 million offering of six-year senior secured notes (B2/B/B+), according to a market source.

The roadshow continues in London on Tuesday.

No further dates or destinations have been announced, the source said.

Joint global coordinator and joint bookrunner Deutsche Bank will bill and deliver. Credit Suisse is also a joint global coordinator and joint bookrunner. Barclays, BNP Paribas, DNB Markets, Goldman Sachs, JPMorgan and Morgan Stanley are also joint bookrunners.

The Rule 144A and Regulation S notes become callable after two years at par plus 50% of the coupon.

Eircom plans to use the proceeds to refinance its senior secured notes due 2020.

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