Cogetech revealed as high yield issuer in waiting with €165m bond

Gambling
By Stefanie Linhardt
29 Jul 2013

Cogetech was uncovered on Monday as one of the two Italian gaming companies premarketing a debut bond issue in the high yield market. The gambling machines operator is seeking to sell a €165m bond.

The five year notes will be senior secured and callable after two years. With the proceeds, Cogetech wants to refinance debt, according to a banker close to the deal. 

BNP Paribas is lead bookrunner and billing and delivering on the transaction, with UniCredit and Deutsche Bank also bookrunners. 

A roadshow ...

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