October 04, 2024 10:12 GMT
TRANSPORTATION: Evri (Secured; B2/B+) PRICED
TRANSPORTATION
(NOT Everi/EVRI - who is a $ issuer gaming co.)
(Apollo deal)
£725m 7NC3 Snr Sec PRICED 8.125% eqv. to OAS+407/UKT+420
- 37.5bps in from IPT, upsized from £500m (€7yr term loan downsized proportionately to £675m)
- A deal that we felt warranted a look at. Private co so we likely won't be able to maintain coverage.
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