Elior eyes high-yield debut with planned €500 million five-year notes

By Paul A. Harris

Portland, Ore., June 28 – Elior Group SA launched its debut high-yield bond offering, a €500 million amount of five-year senior notes (Ba3/expected BB-), into the market on Monday, according to sources.

BNP Paribas is managing the deal.

The notes come with two years of call protection.

The Paris-based food service and catering contractor plans to use the proceeds to refinance its term loan and for general corporate purposes.

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