By Devika Patel
Knoxville, Tenn., July 2 – Nexi Capital SpA settled a €400 million private placement of senior secured floating-rate notes, according to a press release and prospectus. The deal priced on May 25.
The six-year notes bear interest at a floating rate equal to Euribor plus 362.5 basis points.
Proceeds will be used to refinance Mercury Bondco plc’s existing debt, including the redemption in full of the €900 million 8¼%/9% senior secured fixed rate PIK toggle notes due 2021 and €200 million senior secured floating rate PIK toggle notes due 2021, the €600 million privately-placed senior secured floating rate PIK toggle notes due 2021 and the €600 million 7 1/8%/7 7/8% senior secured fixed rate PIK toggle notes due 2021.
Nexi is a Milan-based provider of automated payment services.
| Issuer: | Nexi Capital SpA
|
| Issue: | Senior secured floating-rate notes
|
| Amount: | €400 million
|
| Maturity: | July 2, 2024
|
| Coupon: | Euribor plus 362.5 bps
|
| Price: | Par
|
| Call: | Make-whole call until July 2, 2019
|
| Pricing date: | May 25
|
| Settlement date: | July 2
|
| Distribution: | Private placement
|
|
|
© 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.
