Rekeep launches €350 million offering of secured notes due 2026

Chicago, Jan. 19 – Rekeep SpA has launched a €350 million offering of senior secured notes due 2026 (B2/B), according to a press release.

The company plans to use the proceeds from the Rule 144A and Regulation S notes, along with cash on its balance sheet, to redeem its 9% senior secured notes due 2022, to replenish cash on hand that was used to repay its existing revolver, to pay costs related to the redemption premium of the existing notes and for payment of related fees and expenses.

The company is also planning to enter into a new revolving credit facility of €75 million.

Rekeep is a Bologna, Italy-based provider of integrated facility management services.

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