Rhiag’s bond issue interrupted by Apax buyout — as it may have hoped

Rhiag, the Italian car parts distributor, has pulled its senior secured and PIK bond offering, after agreeing to be bought by Apax on Wednesday.

  • By Stefanie Linhardt
  • 11 Oct 2013

The buyout will be financed by a different bank group of BNP Paribas and Credit Suisse. Mediobanca and Goldman Sachs advised Rhiag during the sales process.

The initial plans to issue €195m of seven year senior secured bonds through Rhiag-Inter Auto Parts Italia and €155m of seven year PIK toggle ...

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2 Goldman Sachs 2,096 5 12.39
3 Morgan Stanley 1,965 5 11.61
4 BNP Paribas 1,686 6 9.96
5 Barclays 1,565 4 9.25

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5 Barclays 16,546.45 55 6.16%