Lion's GHD seeks sleek HY debut

GHD hair straighteners GC web
By Stefanie Linhardt
03 Apr 2014

GHD, the UK maker of hair styling products, wants to raise £165m of senior secured high yield bonds to refinance bank debt and repay shareholder loans.

The six year non-call two notes will be roadshowed from Friday until Wednesday April 9 by bookrunners JP Morgan (billing and delivering) and Barclays. The bond will be issued through GHD Bondco plc, which is as yet unrated.

Private equity firm Lion Capital acquired GHD from Montagu Private ...

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