Mid Europa in €200m high yield bond refinancing

The Central and Eastern Europe-focused firm joins a list of other private equity groups that have recently opted for high-yield bonds as a means to refinance soon-to-mature senior debt.

Mid Europa Partners has raised €200 million of senior secured floating rate notes for the refinancing of Bite, a Baltic mobile operator which the firm acquired in 2007.

Mid Europa paid a margin of 7.5 percent above Euribor for the debt. Deutsche Bank was the global coordinator in the transaction and Credit Suisse acted as joint bookrunner.

Share this