Yell Bondco £225 million 8.50% senior secured notes issue

Overview:

• Yell Bondco, a Hibu Group subsidiary, has issued £225 million in senior notes.
• The 8.50% senior secured notes are due 2023.
• Notes are guaranteed and secured by Hibu UK.
• Credit Suisse Securities has acted as a global coordinator, while JP Morgan Securities and Barclays Bank were joint bookrunners.
• Mandated lead arrangers were Credit Suisse, JPMorgan Chase Bank and Barclays Bank.
• Proceeds will be used to refinance Hibu's existing debt.

Katrin Kostadinova - Data analyst