French lab group Labco taps for €100m
Labco, the French laboratories company, tapped its 8.5% 2018 high yield notes for €100m on Wednesday.
The add-on to its senior secured notes was priced at 103 to yield 7.753%. Bookrunners Deutsche Bank, Barclays and Natixis had released guidance in the 102.75-103.25 area earlier in the day.
The proceeds of the B3/B+/BB- rated notes will be used to repay outstanding amounts borrowed under Labco’s ...Please take a trial or subscribe to access this content.
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