By Rebecca Melvin
New York, Aug. 14 – MV24 Capital BV, a subsidiary of Cernambi Sul MV24 BV, has priced $1.1 billion of 6.748% senior secured notes due 2034 (expected rating: BB/BB).
The Rule 144A and Regulation S notes, which were priced on Monday, will be listed on the Singapore securities exchange on Thursday, according to a regulatory announcement.
Citigroup Global Markets Inc., Mizuho Securities USA LLC, Morgan Stanley & Co. LLC and SMCB Nikko Securities America Inc. were lead managers and bookrunners of the notes, which were issued in denominations of $200,000 each.
The deal is backed by payments to be made to Cernambi, the project company based in Amsterdam. MV24 Capital is involved in oil production services provided to Petroleo Brasileiro SA.
| Issuer: | MV24 Capital BV
|
| Issue: | Senior secured notes
|
| Amount: | $1.1 billion
|
| Maturity: | 2034
|
| Bookrunners: | Citigroup Global Markets Inc., Mizuho Securities USA LLC, Morgan Stanley & Co. LLC and SMCB Nikko Securities America Inc.
|
| Coupon: | 6.748%
|
| Pricing date: | Aug. 12
|
| Listing date: | Aug. 15
|
| Expected ratings: | S&P: BB
|
| Fitch: BB
|
| Distribution: | Rule 144A and Regulation S
|
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