Infopro preps cap stack clean-up with new bond

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By Owen Sanderson
17 Nov 2020

Infopro, a business information company owned by Towerbrook, is offering a new bond this week to clean up some coronavirus pandemic-driven features of its capital structure, including paying back state-guaranteed debt and its drawn revolver. The new bond will also push out debt maturities through by repaying a 2022 bond.

Infopro Digital announced a new issue on Monday through JP Morgan as left lead and BNP Paribas as joint global coordinator, with Bank of America, Deutsche Bank and Société Générale as bookrunners.

The €685m offering will be split between fixed and floating five year tranches, with the balance ...

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