{"id":655004,"date":"2013-04-29T05:13:42","date_gmt":"2013-04-29T09:13:42","guid":{"rendered":"http:\/\/www.pehub.com\/?p=198835"},"modified":"2013-04-29T05:13:42","modified_gmt":"2013-04-29T09:13:42","slug":"pai-partners-backs-rr-ice-cream-with-pik-toggle","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/655004","title":{"rendered":"PAI Partners Backs R&R Ice Cream with PIK Toggle"},"content":{"rendered":"

Private equity firm PAI Partners<\/strong> plans to finance its acquisition of R&R Ice Cream<\/strong> from Oaktree<\/strong> with a 253 million euros ($331.2 million) five-year Payment-In-Kind Toggle note, according to Thomson Reuters<\/em>‘ publication IFR<\/em>.<\/p>\n

IFR<\/em> – Private equity firm Pai Partners plans to finance its acquisition of R&R Ice Cream from Oaktree with a EUR253m five-year Payment-In-Kind Toggle note, one of the banks managing the deal said on Monday.<\/p>\n

Marketing for the securities, expected to be rated CCC+ by S&P, will take place on Tuesday and Wednesday. Barclays and Credit Suisse are joint physical bookrunners.<\/p>\n

The bond is callable after one year. The first and last interest payments are made in cash, but are otherwise<\/p>\n

payable in cash or in kind subject to certain conditions.<\/p>\n

A consent solicitation has also been sent to bondholders of R&R Ice Cream’s existing 8.375% secured notes, which mature in 2017, to amend the change of control provision.<\/p>\n

The post PAI Partners Backs R&R Ice Cream with PIK Toggle<\/a> appeared first on peHUB<\/a>.<\/p>\n

\n<\/img><\/a> <\/img><\/a> <\/img><\/a> <\/img><\/a> <\/img><\/a> <\/img><\/a> <\/img><\/a>\n<\/div>\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

Private equity firm PAI Partners plans to finance its acquisition of R&R Ice Cream from Oaktree with a 253 million euros ($331.2 million) five-year Payment-In-Kind Toggle note, according to Thomson Reuters‘ publication IFR. IFR – Private equity firm Pai Partners plans to finance its acquisition of R&R Ice Cream from Oaktree with a EUR253m five-year […]<\/p>\n","protected":false},"author":7428,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-655004","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/655004","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/7428"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=655004"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/655004\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=655004"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=655004"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=655004"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}