Atalian releases guidance, plans to price on Thursday
Atalian, the French facilities management and cleaning company, has released price guidance for its high yield bond below 8%, reflecting strong high yield markets. The company hopes to price the Ba3 rated deal tomorrow (Thursday).
The 235m seven year debut deal will enable Atalian to repay all its bank debt and pay its owners a 2m dividend.
Bookrunners released guidance in the 7.25%-7.5% region on Wednesday afternoon, with plans to close the books at 9.30am London time on Thursday.
Credit Suisse (billing and delivering), Crédit
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