EG Group sets roadshow for €1.36 billion equivalent secured notes in dollars and euros

By Paul A. Harris

Portland, Ore., April 23 – Filling station operator EG Group plans to start a European roadshow on Wednesday for a €1,355,000,000 equivalent offering of senior secured notes due February 2025, according market sources.

The European roadshow wraps up on Friday. A roadshow in the United States is set to run from Monday to May 1.

The Rule 144A and Regulation S for life deal is coming in dollar-denominated and euro-denominated tranches with minimum sizes of $500 million and €500 million, respectively.

The dollar-denominated notes are in the market with initial guidance in the low 7% area. The euro-denominated notes have initial guidance of 5%.

Left global coordinator Barclays will bill and deliver. Deutsche Bank and UBS are also joint global coordinators. ING is the joint bookrunner.

The notes in both tranches become callable after two years.

The Blackburn, U.K.-based company plans to use the proceeds to repay its new dollar- and euro-denominated bridge facilities, as well as to repay its revolving credit facility and for general corporate purposes.

The corporate sponsor is TDR Capital.

© 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.