InterGen increases bond issue to $1bn but keeps sterling at £260m
InterGen, the US-headquartered power generator, has increased its high yield bond issue by $200m to $1bn-equivalent. It now wants to sell $600m of bonds in the 7% area and £260m in the 7.25% area.
The senior secured notes come alongside a $700m equity injection and $500m of new loans unchanged from initial plans.
Deutsche Bank is left lead, with Bank of America Merrill Lynch, Barclays, Credit Suisse, Mitsubishi UFJ Securities and RBC Capital Markets also working on the deal.
The B1/B+ rated
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