Verisure refi underlines levfin recovery

By Owen Sanderson
09 Jul 2020

Swedish alarm firm Verisure underlined improved leveraged finance conditions when it returned to market for a refinancing. The company was the first European high yield issuer out after the coronavirus crisis, with a tentative floating rate note in April, but its latest refi proved to be a blowout, with a huge size increase and pricing through talk.

The company, owned by Hellman & Friedman, announced a €1bn bond and loan refinancing on Monday, making it clear that sponsors could now look to optimise capital structures, not just hang on for liquidity at any price.

Verisure brought the first euro high yield bond after seven weeks ...

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