Interoute Finco €590 million high-yield issue

Overview:

• Interoute Finco, a subsidiary of Interoute Communication Holdings has issued €240 million senior secured floating rate notes due 2020 and €350 million 7.375% senior secured notes due 2020.
• The proceeds from the offering will be used to finance the acquisition of MDNX Group Holdings (Easynet) and to refinance Interoute’s and Easynet’s existing debt and for general corporate purposes. 
• Interoute is a communication technology and cloud computing company. Easynet is a provider of IT infrastructure products and services.

Sam Duke - Editor