TI Automotive ups high-yield bond to $300 million

Newswire

LONDON, Sept 25 (Reuters) - UK based TI Automotive has increased the proposed size of its forthcoming high-yield bond to $300 million from $215 million, one of the firm's banks said on Wednesday. The size of the 10-year deal was increased because of investor demand and at the request of the company. The additional proceeds will also be used to pay down senior debt, the banker, who wished to remain anonymous, said. Earlier on Wednesday, bankers said marketing for the deal would be ...

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