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Bridgepoint lines up $430 million private placement of notes
By Marisa Wong
Los Angeles, March 11 – Bridgepoint Group plc priced $430 million of private placement notes structured in four tranches with maturities of three, five, seven and 10 years and an average coupon of 6.17%, according to a news release.
Proceeds will provide the group with additional resources to continue its strategic growth plans and will be used in part to refinance some euro commercial debt.
Formal signing of the private placement is expected to occur in the coming weeks, and issuance of the notes is expected to occur in the second quarter, subject to the closing of the euro commercial debt transaction and some other customary conditions.
Bridgepoint is a private investment company based in London.
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