Manuchar bonds will be euro-denominated and due 2027

Chicago, June 21 – LSF XI Magpie Bidco BV/SRL (Manuchar NV) will issue new euro-denominated senior secured notes due 2027 (B3), according to an announcement.

Credit Suisse International is managing the sale.

Proceeds will be used to finance Lone Star's purchase of Manuchar, refinance debt, pay for transaction-related fees and finance general corporate purposes, according to Moody’s Investors Service.

Manuchar is a distributor of chemicals across emerging markets and is based in Antwerp, Belgium. Private equity firm Lone Star is acquiring Manuchar from AvH Growth Capital.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.