Iliad : New Holdco bonds, new ratings
>Iliad Holding plans to issue € 3.6bn of notes in EUR/USD (5NC2 and 7NC3) to fund the take private of Iliad SA - Proceeds from the bond issuance together with a € 1.3bn bridge loan and € 126m of cash in hand will be used to fund the acquisition Iliad SA shares as part of the take private transaction (€ 2.95bn), refinance Iliad Holding debt (€ 1.83bn) and pay transaction costs (€ 141m). The outstanding € 1.2bn bridge loan will be repaid by proceeds from the planned s...Iliad is an operator in the French internet access & telecommunications markets. Co. divides its operations into three business segments: Broadband, Traditional Telephony, and Retail Telecom. Broadband includes Internet service provider operations, hosting services, user assistance operations & operations related to the rollout of the FTTH (fiber-to-the-home) network. Traditional Telephony includes switched landline telephony (One.Tel and Iliad Telecom), directory services (mainly the ANNU reverse look-up directory accessible by Minitel, telephone, Internet and SMS text messaging) and e-commerce operations (Assunet.com). Retail Telecom offers various mobile phones & services to customers.
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.
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