IFLR1000

NewDay Group (Nemean Bondco) £425 million high yield issue

23/1/2017
High-yield bond/note issue
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£ 425 million

$ 525.879 million

Completed

23/1/2017

Overview:

  • NewDay Group, through Nemean Bondco, has issued a £425 million high yield bond.
  • The issues consists of £275 million in 7.375% senior secured notes due 2024 and £150 million senior secured floating rate notes due 2023.
  • Citigroup, Credit Suisse, HSBC and RBS acted as bookrunners.
  • The funds raised will be used to fund the acquisition of NewDay Group Holdings by Nemean.

Sam Duke - Editor

Jurisdiction:

United Kingdom

Deal type:

High-yield bond/note issue

Practice area:

Capital markets : Debt

Governing law:

England and Wales

Industry sector:

Financial services

Firm:
Slaughter and May

Party: NewDay Group (Issuer)

Lawyer: Richard Jones

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