Masmovil : Issuance Focus
Lorca Telecom Bondco SAU plans to issue € 720m of new 7NC3 secured notes rated B1/B+. Net proceeds will be used to refinance € 665m of drawings under a bridge facility and strengthen the cash position by € 51m in order to purchase minority shares in the future. The bridge facility was drawn in connection with the acquisition of Spanish telecom operator Masmovil by a consortium of PE funds Cinven, Providence and KKR at an EV of € 5.23bn, corresponding to an EBITDA multiple of 9.3x...Masmovil Ibercom SA. Masmovil Ibercom SA, formerly World Wide Web Ibercom SA, is a Spain-based company primarily engaged in the telecommunication sector. The Company focuses on the sale and distribution services for Internet, Data Center and Telecommunications. The Company's product and services portfolio comprises Internet access through Asymmetric Digital Subscriber Line (ADSL) and Symmetric Digital Subscriber Line (SDSL) technologies, Internet domains and Domains Management and Registration Service through IberDNS application, Web hosting, virtual servers, dedicated servers, telephony services and routers. The Company also offers collocation services through two Internet Data Centers located in Madrid and San Sebastian. It operates through subsidiaries, such as Embou Nuevas Tecnologias SL and Ebesis Sistemas SL, among others. The Company owns a number of brand names, such as Pepephone, Yoigo and Llamaya.
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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