Ephios Bondco €800 million notes issue

1/6/2015
Acquisition finance, High-yield bond/note issue

€ 800 million

$ 857.801 million

Completed

1/6/2015


Overview:

  • Ephios Bondco, a company held by Cinven following its acquisition of Labco, completed two note offerings with an aggregated value of €800 million. . 
  • The offering was one €500 million 6.25% senior secured fixed rate issue due 2022, and a €300 million senior secured floating rate notes due 2022.
  • This was the largest LBO in France of 2015, and among the highest in Europe of the same time frame.

John Crabb - Journalist 

Jurisdictions:

France
United Kingdom

Deal types:

Acquisition finance
High-yield bond/note issue

Practice area:

Capital markets : Debt

Industry sector:

Pharmaceuticals and life sciences


Firms:

Party: Cinven (Issuer)

Party: Labco (Issuer)

Party: Ephios Bondco (Issuer)