Tue 06/13/2023 07:38 AM
Relevant Documents:Preliminary OM Covenant Analysis
Swedish industrial installations company Assemblin is
offering €480 million senior secured floating rate notes due 2029 (“SSNs 2029”) to fund its transfer to a Triton continuation fund, to redeem its existing €350 million senior secured floating rate notes due 2025 (“Existing Notes”) and to pay related fees and expenses.
Indicative price talk is at Euribor plus 500bps, with a 0% Euribor floor and OID of 96 to 97.
The covenants in the SSNs...
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