Loxam €500 million dual tranche high yield bond issue

23/3/2019
High-yield bond/note issue

€ 500 million

$ 562.526 million

Completed

23/3/2019


Overview:

  • Loxam issued €500 million of high-yield notes in two tranches - €300 million 2.875% senior secured notes due 2026 and €200 million 4.5% senior subordinated notes due 2027.
  • Loxam is an equipment rental group in the construction, industry, public works, services and events sectors, present in 15 countries worldwide.

Laura Mendes - Researcher

Jurisdiction:

France

Deal type:

High-yield bond/note issue

Practice area:

Capital markets : Debt

Governing law:

France

Industry sectors:

Consumer goods and services
Construction and materials


Firms:

Party: Loxam (Issuer)


Party: BNP Paribas (Lead manager)

Party: Crédit Agricole (Lead manager)

Party: Deutsche Bank (Lead manager)