By Rebecca Melvin
New York, June 26 – HT Troplast GmbH priced an upsized €340 million five-year senior secured notes (B3/B-) at par, according to a London Stock Exchange notice on Friday.
The notes, which were initially expected to have a deal size of €330 million, are non-callable for two years.
J.P. Morgan Securities plc (stabilization manager) and Morgan Stanley are managers of the deal, which will be listed on the International Stock Exchange.
The company makes plastics and synthetic materials and is based in Germany.
| Issuer: | HT Troplast GmbH
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| Issue: | Senior secured notes
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| Amount: | €340 million
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| Tenor: | Five years
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| Bookrunners: | J.P. Morgan Securities plc and Morgan Stanley
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| Price: | Par
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| Calls: | Non-callable for two years
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| Announcement date: | June 26
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| Ratings: | Moody’s: B3
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| S&P: B-
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| Listing: | The international Stock Exchange
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