French lab group Labco taps for €100m

08 Feb 2013

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 ...

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