England’s Zoopla starts roadshow for £200 million 5.5-year notes; pricing Thursday

By Paul A. Harris

Portland, Ore., Jan. 9 – Zoopla Property Group plc and ZPG plc began a roadshow on Tuesday for a £200 million offering of 5.5-year senior notes (Ba3/BB-), according to a market source.

The Regulation S offering via left bookrunner HSBC is expected to price on Thursday.

The notes come with two years of call protection.

The London-based real estate services and information company plans to use the proceeds, together with cash on hand and borrowings under its new revolving credit facility, to pay off its existing revolver and to repay amounts outstanding under its existing term loans.

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