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House of HR talks €50 million add-on to 4 3/8% secured notes due 2026 at 101.75 to 102
By Paul A. Harris
Portland, Ore., July 31 – House of HR NV talked a €50 million add-on to the House of Finance NV 4 3/8% senior secured notes due July 15, 2026 at 101.75 to 102, market sources said on Wednesday.
JPMorgan is the lead.
The Roeselare, Belgium-based human resources management company plans to use the proceeds for general corporate purposes, including potential future acquisitions.
The notes will be issued under the same indenture as the existing House of Finance €320 million 4 3/8% notes due 2026. That indenture is dated July 26, 2019.
The add-on notes and the existing notes will become fungible.
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