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Eir : Interest optimization exercise
eir, the Irish incumbent, is opportunistically planning to issue € 350m of new 5NC2 secured notes. Proceeds from the bond issue together with € 3m of cash in hand will be used to redeem € 350m under the Term loan B maturing in 2026 and pay transaction costs. The refinancing will slightly deteriorate the debt amortization profile but liquidity remains adequate and we estimate that the company will save € 4m of interest p.a. with this transaction. - We recommend subscribing to the n...
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Oddo BHF
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
Pierre François Merveille
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