Open Grid Europe looking to refi €2.3bn loans, sell bond

Open Grid Europe is in discussions to refinance its capital structure, with plans to replace most of its senior debt with subordinated loans and to make its debut in the capital markets with an investment grade bond.

  • 05 Mar 2013

Open Grid Europe received an A- rating from Standard & Poor’s last month, and is now looking to tap the European bond market for the first time.

To ensure that all of the firm’s lenders are ranked pari-passu, and that its bond investors are not subordinated to its ...

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