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Finland's Ahlstrom-Munksjo to sell seven-year secured notes in $305 million, €400 million tranches
By Paul A. Harris
Portland, Ore., March 8 – Finland-based Ahlstrom-Munksjö Oyj is in the market with a two-part offering of seven-year senior secured notes, according to market sources.
Tranches are sized at €400 million and approximately $305 million equivalent.
Goldman Sachs is the lead.
The notes come with three years of call protection.
The issuing entity will be special purpose vehicle Spa Holdings 3 Oy.
Proceeds will be used to partially finance the acquisition of an equity stake of more than 90% in the fiber-based products supplier by Bain Capital, Viknum and Belgrano Inversiones.
Ahlstrom-Munksjö is headquartered in Helsinki.
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