By Devika Patel
Knoxville, Tenn., April 12 – SSP Group plc will place $199.5 million and €58.5 million of notes in four tranches, according to a press release.
The notes include $66.5 million of 4.06% notes due in July 2026, $66.5 million of 4.25% notes due in December 2027, $66.5 million of 4.35% notes due in December 2029 and €58.5 million of 2.11% notes due in July 2031.
Proceeds will largely be used for debt repayment, with any remainder being used for general corporate purposes.
The operator of food and beverage concessions is based in London.
| Issuer: | SSP Group plc
|
| Issue: | Notes
|
| Amount: | $199.5 million and €58.5 million
|
| Pricing date: | April 12
|
| Settlement: | July, December
|
| Distribution: | Private placement
|
|
|
| Seven-year dollar notes
|
| Amount: | $66.5 million
|
| Maturity: | July 2026
|
| Coupon: | 4.06%
|
|
|
| Ten-year dollar notes
|
| Amount: | $66.5 million
|
| Maturity: | December 2027
|
| Coupon: | 4.25%
|
|
|
| Twelve-year dollar notes
|
| Amount: | $66.5 million
|
| Maturity: | December 2029
|
| Coupon: | 4.35%
|
|
|
| Seven-year euro notes
|
| Amount: | €58.5 million
|
| Maturity: | July 2031
|
| Coupon: | 2.11%
|
|
|
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