LONDON, Sept 11 (IFR) - Viridian Group FinanceCo PLC and Viridian Power and Energy Holdings DAC has mandated Deutsche Bank, Barclays and Credit Suisse to lead manage a €600m dual currency bond issue, to be split between euros and sterling (split TBD).
The sterling tranche will be a 7NC3 and the euro a 8NC3, expected to be rated B1/BB-.
UOP is for refinancing of existing indebtedness, payment of a dividend to shareholders and payment of costs, fees and expenses.
Lloyds, Natwest Markets are bookrunners. Monday: London City lunch; Tuesday: London West End breakfast.
Denoms 100K+1K. CoC 101%. Equity claw: 40% of Senior Secured Notes at par plus coupon until 2020. Special call 10% per annum of Senior Secured Notes at 103% until 2020. (Reporting by Helene Durand)