RENK €320m senior secured notes due 2025
Key terms
- Borrower or issuer
- RENK Group
- Date
- 13 Jul 2020
- Type
- Bond
- Amount
- €320m (US$365m)
- Pricing
- 5.75% fixed
- Maturity
- 2025
Recorded terms
- Structure
- Senior secured notes issued by RENK GmbH (then owned by Triton) under an indenture dated 13 July 2020
- Country
- Germany
Parties
- RENK Group borrower or issuer
Similar financings
| Date | Financing | Type | Amount |
|---|---|---|---|
| 1 Jul 2020 | Leonardo €500m 2.375% Eurobond due 2026 | Bond | €500m |
| 4 Aug 2020 | Textron US$500m senior notes (1 tranche) | Bond | US$500m |
| 5 Aug 2020 | Triumph Group US$700m 8.875% senior secured first lien notes due 2024 | Bond | US$700m |
| 12 Aug 2020 | Booz Allen Hamilton US$700m 3.875% senior notes due 2028 | Bond | US$700m |
| 9 Jun 2020 | BWX Technologies US$400m 4.125% senior notes due 2028 | Bond | US$400m |
More from RENK Group
| Date | Financing | Type | Amount |
|---|---|---|---|
| 28 Jul 2026 | RENK €1.05bn unsecured syndicated financing (2026) | Bank facility | €1.05bn |
| 20 Feb 2024 | RENK €1,050m bank financing refinancing the 2025 notes | Bank facility | €1.05bn |
| 21 Jun 2021 | RENK €200m add-on senior secured notes due 2025 | Bond | €200m |
M&A and investment involving RENK Group
| Date | Deal | Type | Value |
|---|---|---|---|
| 7 Feb 2024 | Renk IPO by private placement (Frankfurt) | IPO | €450m |
Sources
- RENK GmbH press release No. 5/2021: launch of €200m add-on senior secured notes due 2025 (refers to the €320m notes issued under the 13 July 2020 indenture) marketscreener.com · 21 Jun 2021
- RENK Group AG corporate news (EQS): successful refinancing and rating upgrade webdisclosure.com · 27 Feb 2024
About this record
Record DEF-2020-0036, taken from an issuer, lender or government announcement. Confirmed against the primary documents listed. Amounts are as announced; US$ equivalents use approximate annual average exchange rates. Spotted an error or have a document we have missed? Send a correction, and changes are logged on Updates and corrections.
Read the structure
Senior notes are unsecured promises to pay, priced off government bonds; the prospectus sets the covenants, the change-of-control put and the redemption terms.
