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Published on 6/12/2017 in the Prospect News High Yield Daily.

Ocado starts roadshow for £200 million seven-year secured notes

By Paul A. Harris

Portland, Ore., June 12 – British online grocer Ocado started a roadshow on Monday for a £200 million offering of seven-year senior secured notes, according to a market source.

The roadshow wraps up on Wednesday.

Barclays, HSBC, Goldman Sachs, Royal Bank of Scotland and RABO are managing the offering.

The notes come with three years of call protection.

The Hatfield, England-based company plans to use the proceeds to refinance debt.


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