Germany’s GFKL begins roadshow for €365 million two-part seven-year secured notes offering

By Paul A. Harris

Portland, Ore., July 15 – German debt collector GFKL started a roadshow on Wednesday for a €365 million two-part offering of seven-year senior secured notes, according to a market source.

The Hessen, Germany-based company plans to sell fixed-rate note and floating-rate notes.

Tranche sizes remain to be determined.

Joint bookrunner Goldman Sachs International will bill and deliver for the Rule 144A and Regulation S offering. Citigroup, Credit Suisse and ING are also joint bookrunners.

The issuing entity is Garfunkelux Holdco 3 SA.

Proceeds will be used to repay amounts drawn under the company’s senior secured bridge facility.

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