By Paul A. Harris
Portland, Ore., July 13 – AnaCap Financial Europe SA SICAV-RAIF priced an upsized €325 million issue of Euribor plus 500 basis points seven-year senior secured floating-rate notes (BB-) at 99.5 on Thursday, according to a market source.
The issue size was increased from €315 million.
The reoffer price came on top of price talk. The spread came at the tight end of the 500 bps to 525 bps spread talk.
Morgan Stanley & Co. International plc was the lead bookrunner.
The issuer is a London-based private equity firm.
Issuer: | AnaCap Financial Europe SA SICAV-RAIF
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Amount: | €325 million, increased from €315 million
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Tenor: | Seven years
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Securities: | Senior secured floating-rate notes
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Bookrunner: | Morgan Stanley & Co. International plc
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Coupon: | Euribor plus 500 bps
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Price: | 99.5
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Call protection: | Two years
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Trade date: | July 13
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Rating: | S&P: BB-
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Distribution: | Rule 144A and Regulation S
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Price talk: | Euribor plus 500 bps to 525 bps at 99.5
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Marketing: | Roadshow
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