French retailer IKKS starts roadshow for €320 million seven-year notes

By Paul A. Harris

Portland, Ore., June 30 – Clothing retailer IKKS Group SAS began a roadshow on Monday for a €320 million offering of seven-year senior secured notes, according to market sources.

The deal is being guided in a low-6% yield context.

The roadshow wraps up on Thursday and the notes are set to price after that.

Joint global coordinator Goldman Sachs International will bill and deliver. UBS is also a joint global coordinator. Natixis and SG CIB are the joint bookrunners.

The Rule 144A and Regulation S notes come with three years of call protection.

Upon release from escrow, the proceeds, along with an equity contribution, will be used to help fund a buyout of the company.

IKKS is headquartered in Saint-Chamond, France.

© 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.