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Stabilus sells €315m HY bond, deal trades off

German car parts maker Stabilus sold its €315m high yield debut bond on Friday, in line with guidance at 7.75%. The notes were trading down slightly on Monday, in line with the market, according to a banker away from the deal.

  • 03 Jun 2013

The senior secured 2018 bonds were priced at par and were quoted around 99.25 on Monday. The B2/B/B+ rated notes came alongside a €25m super-senior revolving credit facility.

Triton-owned Stabilus planned to use the proceeds to repay loans and a pay small dividend to its shareholder.

The deal, which ...

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1 JPMorgan 84,338.77 404 5.86%
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1 BNP Paribas 18,987.74 82 9.19%
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5 HSBC 11,205.29 61 5.42%

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1 BNP Paribas 3,863.89 45 7.25%
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2 Citi 11,539.69 98 7.19%
3 Goldman Sachs 11,025.83 85 6.87%
4 Bank of America Merrill Lynch 10,994.65 101 6.85%
5 Barclays 10,908.60 83 6.79%

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1 HSBC 20,417.95 85 6.41%
2 BNP Paribas 19,882.59 80 6.25%
3 Barclays 18,647.73 58 5.86%
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