Emissione odierna
*** Geo Energy (144A/REG S) US$ 5NC3 – IPG 8.75% AREA ***
ISSUER : Geo Coal International Pte. Ltd.
GUARANTORS : Geo Energy Resources Limited (“GER”) and certain of its subsidiaries as of the issue date
ISSUER RATINGS: B+ / Stable (Fitch); B / Stable (S&P); B2 / Stable (Moody’s)
EXP ISSUE RATINGS: B+ (Fitch); B (S&P); B2 (Moody’s)
FORMAT: Regulation S / Rule 144A
STATUS: Fixed Rate Senior Notes
SIZE: Benchmark
TENOR: 5NC3
IPG: 8.75% area
USE OF PROCEEDS: Refinancing, potential acquisitions of coal mining assets, working capital and general corporate purposes
COVENANTS: Standard Asian USD high yield covenant package, including:
· FCCR ≥3.00x AND
· Consolidated Debt to Consolidated EBITDA ≤3.50x
CHANGE OF CONTROL: Change of Control put at 101% plus accrued and unpaid interest
MANDATORY
OFFER TO PURCHASE: Put at 100% plus accrued and unpaid interest at year 3.5, unless certain conditions are met (refer to the Preliminary Offering Memorandum for additional details)
TERMS: SGX-ST listing; US$200k/1k denoms; New York law
JOINT BOOKRUNNERS: J.P. Morgan, Deutsche Bank, CITIC CLSA Securities and BOC International
NETROADSHOW: GEG2017
FCA/ICMA stabilization applies.
. Questi non solo hanno due piedi nella fossa, ma anche due metri di terra sopra la testa.
di questo passo il 3d perpetue verra´ raggiunto e superato....complimenti ai Mod e a tutti.
