Intermediate Capital Group €470 million floating rate bond issue

10/7/2019
Acquisition finance, Investment grade bond/note issue

€ 470 million

$ 529.681 million

Completed

10/7/2019


Overview:

  • UK asset manager Intermediate Capital Group has issued a €470 million senior secured bond.
  • Proceeds from the issue will be used to finance the acquisition of Italian pharmaceutical company, Doc Generici, from PVC fund.
  • The floating rate issue is due to mature 2026.
  • In the context of the issue, Diocle, a vehicle created by ICG and other companies in control of Doc Genericic obtained a €50 million super senior-secured revolving credit line.

Rajeeb Gurung - Researcher

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