Informa places $500 million notes; IGD sold €100 million; Alpha Trains sells debt

By Devika Patel

Knoxville, Tenn., Dec. 7 – In private placement activity on Wednesday, London-based publishing and conference company Informa plc settled a $500 million private placement of notes in three tranches with weighted average maturities of 9.25 years and a weighted average coupon of 3.6% through agent Mizuho Securities USA Inc.

Also, Immobiliare Grande Distribuzione SIIQ SpA completed a €100 million private placement of seven-year 2.25% bonds at par with Pricoa Capital Group on Dec. 6, and Alpha Trains Finance SA said it will conduct a private placement of green debt.

Proceeds from the Informa notes, consisting of $55 million of 3.25% six-year notes, $80 million of 3.5% eight-year notes and $365 million of 3.68% 10-year notes, will be used to pay down the majority of the company’s $675 million acquisition facility.

Proceeds from the IGD deal will be used to refinance debt and for general corporate purposes.

The Alpha Trains offering will fund Alpha Trains Group Sarl’s planned acquisition of the entire share capital in Alpha Trains EMIL Sarl and Alpha Trains STS Sarl from Alpha Trains Development No. 1 Sarl. Proceeds also will be used to repay some debt under the company’s credit facilities.

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