Sweden’s Oriflame marketing €775 million equivalent five-year secured notes in dollars and euros

By Paul A. Harris

Portland, Ore., July 22 – Sweden’s Oriflame Holding AG plans to sell €775 million equivalent of five-year senior secured notes, according to a market source.

The notes offered will come in dollar and euro denominations, with tranche sizes to be determined.

The company is expected to meet with investors during the early part of the July 22 week.

Goldman Sachs is leading the deal.

The notes come with two years of call protection.

The issuing entity will be Walnut Bidco plc.

Proceeds will be used to repay a bridge loan put in place for the purpose of taking the Stockholm-based cosmetics company private.

© 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.