FirstGroup - US$150,000,000 private placement

  • 03 May 2011
 

Slaughter and May advised FirstGroup plc in relation to its issue of US$150,000,000 private placement notes to Pricoa Capital Group. The notes are unsecured, have a fixed rate coupon of 4.26% p.a and an average duration of 6 years. The proceeds will be used to reduce bank debt. The notes include terms similar to the group's 5 year committed $1,250,000,000 bank facility executed in December 2010.

 
 

Contacts

 

Stephen Powell (partner), Ed Fife (associate), Andrew Chaplin (associate); Tax: Graham Airs (partner), Holly Jones (associate)

 
List of all recent work 
 

Related practice areas

 
 

Related industry sectors