New Issue: ContourGlobal prices €50 million tap of 5 1/8% secured notes due 2021 at 102.75

By Paul A. Harris

Portland, Ore., July 25 – Luxembourg-based ContourGlobal Power Holdings SA priced a €50 million add-on to its 5 1/8% senior secured notes due June 15, 2021 at 102.75 on Friday, according to a market source.

The reoffer price came on top of price talk that had tightened from earlier talk in the 102.25 area.

Goldman Sachs International ran the books.

The company, a developer and operator of wholesale electric power generation businesses, plans to use the proceeds for general corporate purposes.

Issuer:	ContourGlobal Power Holdings SA
Amount:	€50 million
Maturity:	June 15, 2021
Security description:	Add-on to 5 1/8% senior secured notes due June 15, 2021
Bookrunner:	Goldman Sachs International
Co-manager:	BNP Paribas
Coupon:	5 1/8%
Price:	102.75
First call date:	June 15, 2018
Trade date:	July 22
Settlement date:	July 27 with accrued interest
Price talk:	102.75, revised from 102.25 area
Marketing:	Quick to market
Original issue:	€550 million issue priced at par on June 10, 2016
Total issue size:	€600 million

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