Intellect Lending Group has announced its plans to set up a notes issuance programme with the total amount of up to EUR 600 million split evenly between three privately placed tranches each having different maturity and coupon but sharing all other conditions:
- Note “A” – up to EUR 200mln 5 year 6% coupon note
- Note “B” – up to EUR 200mln 7 year 7% coupon note
- Note “C” – up to EUR 200mln 10 year 9% coupon note
ILG will be issuing notes within the programme gradually with the first issue not exceeding EUR 100 mln across the three tranches.
The proceeds of the issue will be used to finance ILG’s lending activities financing targets based primarily in Central and Eastern Europe and Russia. ILG will target small and mid-size enterprises, where the supply of primary debt capital is limited and the investment opportunities are most attractive.
ILG will consider all main types of investment instruments – revolver, first lien, second lien, unitranche, mezzanine and other subordinated debt instruments in some cases combined with equity participation in projects.
Intellect Lending will be liaising with RMS FinGroup Ltd, a London-based financial services and investment banking solutions firm, which will support the issue and future capital raising activities of ILG both for equity and debt.