Oddo BHF - Parts Europe : PHE has begun refinancing its 2022 maturities

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Oddo BHF

Anne-Barbara Nicco

Parts Europe : PHE has begun refinancing its 2022 maturities

Parts Europe yesterday issued â‚¬300 m of fixed rate senior secured notes due 2025 NC1.5. The Group considered it appropriate to take advantage of the current good market conditions to begin refinancing its 2022 maturities. One third of these maturities will be repaid using the proceeds of the issue via the call of the entire amount outstanding of the 4.375% SSN due 2022 issue (â‚¬ 260 m) and the call of â‚¬ 37 m of the SSFRN due 2022 (â‚¬ 165 m). - >Parts Europe is taking advanta...

09/07/2020 11 EN

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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.

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Analysts

Anne-Barbara Nicco

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Parts Europe : PHE has begun refinancing its 2022 maturities

France, as seen from the deck of the Titanic

La France, vue depuis le pont du Titanic

Bravida : A good vehicle to make the most of the upturn in Nordic construction

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