| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers T > Headlines for Together Financial Services Ltd. > News item |
Together/Jerrold talks £450 million six-year notes to yield 5¼%-5½%; pricing Thursday
By Paul A. Harris
Portland, Ore., Jan. 14 – Together Financial Services Ltd. talked its £450 million offering of six-year senior secured notes (BB-/BB-) to yield 5¼% to 5½%, according to a market source.
The Rule 144A and Regulation S deal is set to price on Thursday.
Global coordinators and joint bookrunners Citigroup will bill and deliver. Goldman Sachs International is also a joint global coordinator and joint bookrunner. Barclays, Credit Suisse, HSBC and JPMorgan are joint bookrunners.
The notes become callable after two years at par plus 50% of the coupon.
The issuing entity will be Jerrold FinCo plc, a subsidiary of Together Financial Services.
The U.K.-based specialist mortgage lender, formerly known as Jerrold, plans to use the proceeds to repay its 6 1/8% senior secured notes due 2024 and to pay down balances under its CABS securitization.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.