Report

PERSTORP - Primary market Snapshot

​Swedish chemicals company, Perstorp is to issue $1,020m of bonds split between $800m of senior secured notes and $420m of 5NC2 second-lien notes. The senior secured notes offering consist of a 5NC2 fixed dollar tranche, 5NC2 fixed Euro tranche and a 5NC1 Euro floating tranche. The proceeds will be used to redeem at par all out-standing bonds as well as a portion of the mezzanine loans, while the remaining mezzanine loans will be extended to 2021.

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Spread Research
Spread Research

​Spread Research is France's first Rating Agency, registered by ESMA (European Securities and Markets Authority) and a leading European Independent Credit Research firm, founded in 2004 and based in Lyon, France. Our experienced team offer key research services using a wide range of investment strategies and research methodologies for the High Yield, Emerging Markets, Convertibles and Loan Markets.

 

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