Paysafe sets talk on $1.03 billion equivalent two-part secured notes; pricing Thursday

By Paul A. Harris

Portland, Ore., June 10 – Paysafe Ltd. set price talk in its $1.026 billion equivalent two-part offering of eight-year senior secured notes (B1/B+), according to market sources.

The deal features dollar-denominated notes talked to yield in the 4% area, versus initial guidance in the low 4% area, and euro-denominated notes talked to yield 2 7/8% to 3%, versus initial guidance in the low 3% area.

The Rule 144A and Regulation S deal, which is being led by JPMorgan, is expected to price on Thursday.

The notes in both tranches come with three years of call protection.

The issuing entities will be Paysafe Holdings (US) Corp. and Paysafe Finance plc, indirect subsidiaries of Paysafe.

The London-based provider of payment solutions plans to use the proceeds plus proceeds from new dollar- and euro-denominated term loans to refinance certain debt.

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