1. News
March 16, 2018

Deals this week: Guitar Center Escrow Issuer, Koninklijke, Hangzhou Yiqiqingchen

Guitar Center Escrow Issuer intends to raise $635m through a private offering of senior secured notes due 2021.

Guitar Center Escrow Issuer intends to raise $635m through a private offering of senior secured notes due 2021.

Guitar Center Escrow Issuer is a subsidiary of Guitar Center, a US-based musical instruments retailer.

The firm will use the funds to repay its debt and pay fees and other expenses associated with the notes offering.

Koninklijke Ahold Delhaize intends to raise €500m ($615.17m) through a public offering of fixed-rate notes.

The notes have been issued at a price of 99.107% of the nominal value and pay a coupon rate of 1.125% a year until 2026.

“Koninklijke will use the funds to repay its debt and for general corporate purposes.”

Koninklijke will also raise €300m ($369.11m) through a public offering of floating-rate notes due 2021.

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A food retail outlet operator based in the Netherlands, Koninklijke will use the funds to repay its debt and for general corporate purposes.

UMW Holdings Berhad intends to raise MYR1.1bn ($281.50m) through a renounceable rights issue.

Based in Malaysia, UMW Holdings provides services for oil field services, drilling operation and automobile distribution.

The company plans to use the funds to repay a bridging facility.

Hangzhou Yiqiqingchen Xinxijishu, operating as Maihaoche, has raised $50m through a Series B+ funding round led by Crescent Point Group.

Based in China, Maihaoche is an automotive e-commerce platform.

The transaction was closed on 13 March 2018.

SCA Investments, trading as Gousto, has raised £28.5m ($39.46m) from Hargreave Hale Ltd., Angel CoFund, MMC Ventures, and BGF Ventures through a venture financing round.

Based in the UK, Gousto is a recipe box delivery company.

The firm intends to use the funds to enhance its business and offer new job opportunities.