Published on 3/1/2021 in the Prospect News High Yield Daily.
New Issue: EG Group prices £675 million five-year notes at par to yield 6¼%
By Paul A. Harris
Portland, Ore., March 1 – EG Group Ltd. priced £675 million of five-year secured notes at par to yield 6¼% in a Friday private placement, according to a market source.
Barclays was the sole physical placement agent. Additional placement agents were BofA, Deutsche Bank, HSBC, Lloyds, Morgan Stanley and Rabobank.
The issuer is a Blackburn, England-based operator of filling stations and fast-food outlets.
| Issuer: | EG Global Finance pls
|
| Amount: | £675 million
|
| Maturity: | March 30, 2026
|
| Securities: | Secured notes
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| Physical placement agent: | Barclays
|
| Placement agents: | BofA, Deutsche Bank, HSBC, Lloyds, Morgan Stanley and Rabobank
|
| Coupon: | 6¼%
|
| Price: | Par
|
| Yield: | 6¼%
|
| First call: | March 12, 2023 at 103.125
|
| Trade date: | Feb. 26
|
| Settlement date: | March 12
|
| Distribution: | Regulation S
|
| Marketing: | Private placement
|
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