Odeon prices M&A-friendly £475m bond at tight end
Cinema operator Odeon/UCI printed £475m of senior secured notes on Friday, after having changed the deal structure to include a 2018 non-call one floating rate piece. Both the £300m fixed rate notes priced at par and the tight end of guidance at 9.0%, while the Eu200m FRN sold at Euribor plus 500bp.
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