Viridien - comment

Refinancing the USD/EUR notes due 2027 was raised as an option during the FY call. The new SSNs will push the maturities out to 2030. Interest costs will rise modestly. Initial price guidance is 8.75%—9.0% for the EUR (100bp—125bp above the existing deal) and 10.25%—10.50% for the USD (150bp—175bp above the 2021 notes). The RCF has also increased to $125m (from $100m).