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Amigo Loans talks £50 million tap of 7 5/8% notes at 104.25-104.5; pricing Wednesday
By Paul A. Harris
Portland, Ore., May 3 – Amigo Loans plans to price a £50 million add-on to the Amigo Luxembourg SA 7 5/8% senior secured notes due 2024 on Wednesday, according to market sources.
Price talk is 104.25 to 104.5, according to a London-based sellside source.
JPMorgan, Jefferies and NatWest are managing the sale.
The original notes, which priced at par in a £275 million issue on Jan. 13, 2017, came with three years of call protection.
The Bournemouth, England-based financial services company plans to use the proceeds to repay debt under its revolving credit facility and for general corporate purposes.
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