By Marisa Wong
Los Angeles, June 24 – InPost SA announced it priced an upsized €490 million of 2¼% senior notes due 2027 at par.
The offering, increased from the previously announced €390 million, is expected to close on June 29.
InPost also announced it priced PLN 500 million of floating-rate senior secured bonds due 2027 at par.
This offering was downsized from PLN 800 million, after the company decided to upsize the simultaneously launched euro-denominated offering, which provided an attractive low fixed-rate coupon and favorable financing terms.
The floating-rate bonds will bear interest rate at six-month Wibor plus an initial margin of 250 basis points.
The bonds, which will be guaranteed by Integer.pl SA, InPost Paczkomaty sp z oo, Integer Group Services sp z oo and InPost sp z oo, will be issued on July 8.
The Poland-based self-service parcel locker company will use proceeds from both issues (Ba2//BB), together with drawings under an existing revolving credit facility, to complete its acquisition of Mondial Relay SAS and for general corporate purposes.
| Issuer: | InPost SA
|
| Issue: | Senior notes
|
| Pricing date: | June 24
|
| Ratings: | Moody’s: Ba2
|
| Fitch: BB
|
|
|
| Euro-denominated bonds
|
| Issue: | Senior notes
|
| Amount: | €490 million
|
| Maturity: | 2027
|
| Bookrunners: | J.P. Morgan AG, BNP Paribas, Bank Pekao SA, Barclays, Citigroup, Goldman Sachs Bank Europe SE and ING
|
| Coupon: | 2¼%
|
| Price: | Par
|
| Yield: | 2¼%
|
| Call: | Two years call protection
|
| Settlement date: | June 29
|
|
|
| Zloty-denominated bonds
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| Guarantors: | Integer.pl SA, InPost Paczkomaty sp z oo, Integer Group Services sp z oo and InPost sp z oo
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| Issue: | Senior secured bonds
|
| Amount: | PLN 500 million
|
| Maturity: | June 29, 2027
|
| Coupon: | Six-month Wibor plus an initial margin of 250 bps
|
| Price: | Par
|
| Issue date: | July 8
|
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