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Published on 2/2/2021 in the Prospect News High Yield Daily.

New Issue: Rekeep prices €20 million more 7¼% secured notes due 2026 at 102.75

By Wendy Van Sickle

Columbus, Ohio, Feb. 2 – Rekeep SpA priced €20 million of additional 7¼% five-year senior secured notes at 102.75, according to a notice.

The notes will be consolidated and form a single series with the €350 million of notes issued on Jan. 28.

The original notes were priced via J.P. Morgan AG, UniCredit, Goldman Sachs International and Credit Suisse.

Proceeds will be used for general corporate purposes.

Based in Bologna, Italy, Rekeep provides integrated facility management services like landscaping and cleaning services.

Issuer:Rekeep SpA
Securities:Senior secured notes
Amount:€20 million
Maturity:2026
Coupon:7¼%
Price:102.75
Call option:Non-callable for two years
Settlement date:Feb. 9
Distribution:Rule 144A and Regulation S
Total amount:€370 million, including €350 million issued on Jan. 28 at par

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