(Reuters) - South Africa's Edgars Consolidated Stores on Friday priced 1.81 billion euros of high-yield notes in two parts to help fund its buyout by Bain Capital, one of the banks managing the sale said.
Edcon priced 1.18 billion euros of 7-year senior secured floating-rate notes at par with a coupon of Euribor plus 325 basis points and 630 million euros of 8-year senior floating-rate notes at par with a coupon of Euribor plus 550 basis points.
Read more at Reuters Africa
Edcon priced 1.18 billion euros of 7-year senior secured floating-rate notes at par with a coupon of Euribor plus 325 basis points and 630 million euros of 8-year senior floating-rate notes at par with a coupon of Euribor plus 550 basis points.
Read more at Reuters Africa
No comments:
Post a Comment