Wepa sweeps HY market with €550m refinancing

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By Karoliina Liimatainen
25 Nov 2019

German family-owned tissue and toilet paper manufacturer Wepa is marketing €550m of senior secured notes with an intention to extend maturities and slash interest expenses. It is following a number of other double-B issuers in to the market.

The company is wooing the market with two euro tranches — an eight year fixed rate one and a seven year floating-rate clip. The fixed rate notes will have a non-call period of three years and the floating rate notes of one year.

HSBC is the ...

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