By Cristal Cody
Eureka Springs, Ark., June 10 – Poinsettia Finance Ltd. sold $530.8 million of 6.625% senior secured notes due 2031 on Friday, according to a market source.
The lead manager was Morgan Stanley & Co., LLC.
The notes (Baa3/BBB+) are backed by a sale and leaseback agreement between Pemex Exploracion y Produccion and Marverde Infraestructura SA de CV, Sofom, ENR.
Proceeds will be applied toward assets that are being purchased from Pemex.
Poinsettia Finance and Marverde are subsidiaries of Poinsettia LP.
| Issuer: | Poinsettia Finance Ltd.
|
| Guarantors: | Poinsettia LP and other direct and indirect subsidiaries
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| Amount: | $530.8 million
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| Maturity: | June 17, 2031
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| Securities: | Senior secured notes
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| Bookrunner: | Morgan Stanley & Co., LLC
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| Coupon: | 6.625%
|
| Pricing date: | June 10
|
| Ratings: | Moody’s: Baa3
|
| S&P: BBB+
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