HSS sells high yield bond for refi, dividend in line with guidance

HSS Hire, the UK tool and equipment hire business, priced its debut high yield bond yesterday in line with guidance.

  • By Stefanie Linhardt
  • 30 Jan 2014

The £200m of senior secured notes due August 2019 were priced at par with a 6.75% coupon. The notes were hovering around reoffer on Thursday, according to a banker close to the deal.

Bookrunners JP Morgan, Barclays and HSBC released price guidance in the 6.75% area on Wednesday ...

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Bookrunners of European Leveraged Loans

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
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1 JPMorgan 30,388.71 99 8.62%
2 BNP Paribas 22,463.54 135 6.38%
3 Deutsche Bank 17,970.47 100 5.10%
4 Goldman Sachs 17,954.81 74 5.10%
5 HSBC 16,143.35 101 4.58%

Bookrunners of European HY Bonds

Rank Lead Manager Amount €m No of issues Share %
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1 BNP Paribas 327.97 2 10.84%
2 JPMorgan 315.65 2 10.43%
2 Goldman Sachs 315.65 2 10.43%
4 Citi 266.00 2 8.79%
5 Bank of America Merrill Lynch 226.61 2 7.49%

Bookrunners of Dollar Denominated HY Bonds

Rank Lead Manager Amount $m No of issues Share %
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1 Bank of America Merrill Lynch 941.02 8 8.61%
2 JPMorgan 860.42 6 7.87%
3 Citi 822.27 6 7.52%
4 Morgan Stanley 766.25 5 7.01%
5 BNP Paribas 559.52 3 5.12%