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PeopleCert to sell €300 million five-year secured notes July 26 week
By Paul A. Harris
Portland, Ore., July 23 – PeopleCert is expected to sell €300 million of five-year senior secured notes (B2) during the July 26 week, according to market sources.
The deal is set to kick off on a Monday conference call with investors.
Global coordinator and bookrunner Morgan Stanley will bill and deliver.
The notes come with two years of call protection.
Proceeds will be used to repay a bridge loan that was funded to partially finance the acquisition of Axelos Ltd., and to repay debt.
The issuing entity will be PeopleCert Wisdom Issuer plc.
London-based PeopleCert provides assessment and certification of professional skills for governments and private companies and organizations.
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