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

By Stefanie Linhardt
10 Oct 2013

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

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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