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Yell (Hibu) talks £225 million five-year secured notes at 8½% area; pricing Tuesday
By Paul A. Harris
Portland, Ore., April 24 – Hibu Group talked its £225 million offering of Yell Bondco plc five-year senior secured notes (B3/B-) to yield in the 8½% area, according to a market source.
The deal, which is being managed by global coordinator and left lead Credit Suisse, is set to price on Tuesday.
Proceeds will be used to repay debt.
Hibu, formerly the Yell Group, is a multinational directories and internet services company based in Reading, England.
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