Mon 12/19/2022 08:16 AM
UPDATE 1: 8:17 a.m. ET 12/19/2022: Atalian’s 2025 bonds plunged by 13-14 points to 69/72 on news that Clayton, Dubilier & Rice will not acquire the entire business, sources told Reorg.
The French facilities manager would have
redeemed its bonds at the optional redemption provisions had the originally planned
sale of the entire share capital gone ahead. Under the provisions, if 2024s and 2025s are redeemed at the end of 2022, the 2024s will be redeemed at par, the Euro 2025s at 101.2815 and...
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