Teleperformance raises USD250m fund
France-headquartered Teleperformance announced that it has raised USD250m from a senior unsecured debt issue. The fundraising took the form of a US private placement with institutional investors, and was carried out in two tranches: USD75m with a seven-year bullet maturity and a 3.92% coupon, and USD175m with a ten-year bullet maturity and a 4.22% coupon. Teleperformance said the proceeds will be used to repay a portion of the bank debt incurred in connection with the acquisition of LanguageLine Solutions LLC. Group Chief Financial Officer Olivier Rigaudy said Teleperformance is naturally as committed as ever to maintaining a balanced financial structure in order to ensure sustainable growth.
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