And Spie’s LBO goes to… the HY market

office property
By Victor Jimenez
15 Mar 2017

Spie, the French technical services provider, brought the first new leveraged buy-out financing in the euro high yield bond market for three months this week with a €600m seven year senior unsecured bond.

The deal supports Spie’s acquisition of German peer SAG. 

The roadshow began on Monday and the bond was priced on Wednesday at par with a 3.125% coupon.

It took Ba3/BB rated Spie 11 weeks to announce whether a leveraged loan or a high yield note would be its choice of ...

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