Serbia BroadBand sells EM high yield bond to finance buyout

By Stefanie Linhardt
07 Nov 2013

Serbia BroadBand, the Serbian-Slovenian telecoms business, has sold its €475m high yield bond to finance its takeover by KKR.

Private equity firm KKR bought the business from Mid Europa Partners for around €1bn in October. It will use the proceeds of the new senior secured bond, together with a €588m equity contribution, to finance the takeover and fees and expenses.

Credit Suisse (billing and delivering), BNP Paribas, ...

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