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Prospect News home > News index > List of issuers P > Headlines for PEU (Fin) Ltd. > News item
Published on 6/20/2023 in the Prospect News High Yield Daily.

PEU/Pepco to offer €300 million five-year senior secured notes

By Paul A. Harris

Portland, Ore., June 20 – PEU (FIN) Ltd., a wholly owned indirect subsidiary of Pepco Group NV, plans to sell €300 million of senior secured notes due 2028 (Ba3//BB+) via Rule 144A and Regulation S, according to market sources.

The deal was announced in a Monday press release.

The U.K.-based retailer plans to use the proceeds plus balance sheet cash to pay off its €300 million term facility A.


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