Blackstone’s Alliance Auto gets €325m HY

By Victor Jimenez
12 Nov 2014

Alliance Automotive has issued a two tranche bond to fund the French-UK car parts distributor’s buyout in August by Blackstone and the company's founders from Weinberg Capital Partners.

The €325m seven year senior secured notes offered by Alizé Finco, Alliance Automotive’s holding company, were priced on Wednesday after a five day roadshow with bookrunners and global coordinators Credit Suisse (billing and delivering) and UBS, and bookrunner Royal Bank of Scotland.

The non-call three year fixed rate tranche of ...

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