Levi Strauss adopts refi fashion in euro high yield
Jeanswear maker Levi Strauss priced on Thursday a new refinancing deal in euros, having been absent from the European high yield bond market for seven years.
Levi had said it would be on its roadshow until Friday for €450m of 10 year non-call five senior unsecured notes, with expected ratings of Ba2/BB+.But on Thursday the offering was increased to €475m, and then was priced. It came at par with a 3.375% coupon. The spread ...
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