TMF Group looking to raise €580m in debut bonds

TMF Group, the Netherlands-based business services provider owned by Doughty Hanson & Co, is looking to sell €580m in a debut high yield bond. The provider of financial, legal and human resource admin services will issue a senior secured floating rate tranche alongside a fixed rate senior.

  • 26 Nov 2012

The €380m of senior secured floating rate notes due 2018 are provisionally rated B1/B, while the €200m issue of fixed rate senior seven year non-call three notes are provisionally rated Caa1/CCC+.

The bonds, together with a new €70m revolving credit facility, will replace all existing senior facilities.

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