By Rebecca Melvin
New York, Nov. 20 – IPD3 BV priced €700 million of senior notes (//B+) in two tranches of fixed- and floating-rates, both due in 2025, according to a post-stabilization notice with the London Stock Exchange.
The €500 million fixed-rate notes priced at par, and they are non-callable for one year.
The €200 million floaters priced at 98.5, and they are non-callable for two years.
J.P. Morgan AG acted as stabilization coordinator of the Rule 144A and Regulation S notes.
The special purpose entity is based in the Netherlands and issues debt to repay existing credit facilities, refinance and for acquisitions.
| Issuer: | IPD3 BV
|
| Issue: | Senior notes
|
| Amount: | €700 million
|
| Stabilization coordinator: | J.P. Morgan AG
|
| Trade date: | Nov. 20
|
| Distribution: | Rule 144A and Regulation S
|
|
|
| Fixed-rate notes
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| Amount: | €500 million
|
| Maturity: | 2025
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| Price: | Par
|
| Calls: | Non-callable for one year
|
|
|
| Floaters
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| Amount: | €200 million
|
| Maturity: | 2025
|
| Price: | 98.5
|
| Calls: | Non-callable for two years
|
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