Europcar, the car hire company, has priced a €550m ($701m) high-yield bond to help fund its buyout by French private equity buyer Eurazeo.
The bond is part of a €3.46bn financing package put together by BNP Paribas, Calyon, Deutsche Bank and SG Corporate and Investment Banking. The package also includes a €2.66bn securitisation and a €250m credit facility.