Published on 10/12/2017 in the Prospect News Canadian Bonds Daily and Prospect News High Yield Daily.
New Issue: Yellow Pages prices C$315 million 10% five-year secured notes at 98
By Paul A. Harris
Portland, Ore., Oct. 12 – Yellow Pages Digital & Media Solutions Ltd. priced a C$315 million issue of 10% five-year senior secured first-lien notes at 98, according to Thursday press release.
BMO Capital Markets, National Bank Financial Markets, Canaccord Genuity, RBC Capital Markets, Beacon Securities and Casgrain were the underwriters.
The Verdun, Quebec-based provider of printed, digital and mobile business directories plans to use the proceeds to refinance its existing 9¼% secured notes.
| Issuer: | Yellow Pages Digital & Media Solutions Ltd.
|
| Amount: | C$315 million
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| Maturity: | Nov. 1, 2022
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| Securities: | Senior secured first-lien notes
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| Underwriters: | BMO Capital Markets, National Bank Financial Markets, Canaccord Genuity, RBC Capital Markets, Beacon Securities, Casgrain
|
| Coupon: | 10%
|
| Price: | 98
|
| Announcement date: | Oct. 12
|
| Settlement date: | Oct. 19
|
| Distribution: | Rule 144A in the United States, private placement in Canada
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