Garfunkelux Holdco 3 €530 million and Skr1.28 billion senior secured notes issues

3/6/2018

High-yield bond/note issue

Value:

€ 651.317 million

Dollar value:

$ 724.999 million

Status:

Announced

Date:

3/6/2018

Overview:

Garfunkelux Holdco 3 has issued €530 million and SEK1.28billion in 144A/Reg. S high‑yield floating rate senior secured notes.
Garfunkelux Holdco is a company of the Lowell Group, a European leader in credit receivables management.
Proceeds of the offering were used to finance the acquisition of the entire share capital of Lindorff Sverige and Fair Pay Please.

Jurisdiction:

United Kingdom

Deal type:

High-yield bond/note issue

Practice area:

Capital markets : Debt

Industry sector:

Financial services

Firm:

Cravath Swaine & Moore

Party: Credit Suisse (Initial purchaser)

Party: Goldman Sachs (Initial purchaser)

Lawyer: Alyssa Caples

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