Der Automobilzulieferer TMD Fricton emittiert eine High Yield-Anleihe im Volumen von 160 Mio. EUR. Die Transaktion wird von Credit Suisse und quirin bank begleitet. Der Emittent wird von S&P mit „B“, von Moody´s mit „B3“ geratet. Die Roadshow startet heute.
Issuer: | TMD Friction Finance S.A., wholly-owned subsidiary of TMD Friction Group S.A. |
Format: | Senior Secured Notes (Reg S / 144A) |
Size: | 160 Mio. EUR |
Tenor: | 7nc4 |
Ratings: | B/B3 issuer; B/B3 bond (S&P / Moody's) |
Guarantors: | TMD Friction Group S.A. (the Parent), TMD Friction GmbH, TMD Friction EsCo GmbH, TMD Friction Holdings GmbH, TMD Friction Services GmbH and Friction PropCo GmbH (the German Guarantors), TMD Friction U.K. Limited (the U.K. Guarantor), TMD Friction France S.A.S. (the French Guarantor) and TMD Friction Holdings (Lux) S.à r.l. (together, the Guarantors). The Parent and TMD Friction Holdings (Lux) S.à r.l. are the Luxembourg Guarantors |
UoP: | Refinance existing shareholder loan and GCP |
COC: | 101 put upon change of control |
Joint Books | Credit Suisse, quirin bank |
Listing: | Exp. Lux Stock Exchange (MTF) |
Governing Law: | New York |
Timing: | Roadshow starting on the 5th May, pricing thereafter |
