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Jerrold Finco starts roadshow for £450 million six-year senior notes
By Abigail W. Adams
Portland, Me., March 25 – Jerrold Finco plc started a roadshow on Monday for a £450 million offering of six-year senior notes (BB/BB), according to a market source.
The roadshow will run through Tuesday.
The notes are non-callable for two years.
Citigroup Global Markets Inc. and HSBC Securities (USA) Inc. are joint global coordinators and bookrunners for the Rule 144A and Regulation S offering.
Goldman Sachs & Co. LLC, Lloyds Securities Inc. and NatWest Markets Securities Inc. are also bookrunners.
Proceeds, along with proceeds from the sale of assets, will be used to refinance the company’s 2026 senior secured notes.
Jerrold Finco is a subsidiary of Together Financial Services Ltd., a U.K.-based specialist mortgage lender.
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