By Paul A. Harris
Portland, Ore., Oct. 3 – WIND Hellas Telecommunications SA priced an upsized €525 million issue of five-year senior secured notes (//B) at par to yield 4¼% on Thursday, according to a market source.
The issue size was increased from €500 million.
The yield printed at the tight end of the 4¼% to 4½% yield talk and tight to early guidance in the mid-4% area.
Bookrunner JPMorgan will bill and deliver. Goldman Sachs was also a bookrunner.
The Athens-based mobile telecommunications services provider plans to use the proceeds to refinance €275 million of its 10% senior secured notes due 2021 and fund capital expenditures, including the 5G spectrum buildout.
| Issuer: | WIND Hellas Telecommunications SA
|
| Amount: | €525 million, increased from €500 million
|
| Tenor: | Five years
|
| Securities: | Senior secured notes
|
| Bookrunners: | JPMorgan (bill and deliver) and Goldman Sachs
|
| Co-manager: | HSBC
|
| Coupon: | 4¼%
|
| Price: | Par
|
| Yield: | 4¼%
|
| Call protection: | Two years
|
| Trade date: | Oct. 3
|
| Rating: | Fitch: B
|
| Price talk: | 4¼% to 4½%
|
| Marketing: | Roadshow
|
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