By Rebecca Melvin
Concord, N.H., May 31 – Wm Morrison Supermarkets Ltd. priced €545 million 4¾% senior secured notes due 2027, according to an announcement.
Proceeds from the offering will be used to repay a portion of the loans outstanding under a senior secured bridge loan facility drawn upon by Market Bidco Ltd. in connection with financing Bidco’s acquisition of the entire share capital of the company, which became effective Oct. 27, 2021.
The issuer is Market Bidco Finco plc.
The principal indirect beneficial owners of the senior secured notes are funds managed or advised by Clayton, Dubilier & Rice, LLC.
The notes will be listed on the International Stock Exchange.
Wm Morrison is a Bradford, U.K.-based supermarket group.
| Issuer: | Market Bidco Finco plc
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| Amount: | €545 million
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| Issue: | Senior secured notes
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| Maturity: | 2027
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| Coupon: | 4¾%
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| Announcement date: | May 30
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| Settlement date: | June 8
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| Ratings: | S&P: BB-
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| Fitch: BB+
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| Distribution: | Rule 144A and Regulation S
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