Serbia BroadBand launches €475m all-bond LBO deal

Serbia BroadBand has launched the high yield bond to finance its takeover by KKR. The €475m of notes will be the only drawn debt in SBB/Telemach’s capital structure.

  • By Stefanie Linhardt
  • 04 Nov 2013

Private equity firm KKR agreed to buy the Serbian-Slovenian SBB/Telemach business from Mid Europa Partners for around €1bn in October. It will use the proceeds of the new senior secured bond, together with a €588m equity contribution, to finance the takeover and fees and expenses.

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GlobalCapital European securitization league table

Rank Lead Manager/Arranger Share % by Volume
1 Citi 10.72
2 Bank of America Merrill Lynch (BAML) 10.66
3 Credit Suisse 6.45
4 Lloyds Bank 6.42
5 JP Morgan 6.35

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  • 16 Jan 2017
1 SG Corporate & Investment Banking 1,260.06 2 126,006,164,037.19%
2 Rabobank 1,081.86 1 108,185,922,974.77%
3 Wells Fargo Securities 430.57 1 43,057,020,785.00%
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