CHP completes £150m Private Placement Transaction
In September 2024, Newbridge was delighted to support CHP with its first foray into the US Private Placement market. Navigating both the market and political uncertainty, the transaction successfully raised £150m, having generated an oversubscription of over six times. Presented with choice, CHP ultimately opted to spread the maturities over two tranches, utilising delays with minimal pricing premium.
Benefits to the client
Having an established footing in the capital markets with a public bond, CHP was keen to grow its ability to access new avenues of liquidity and embarked on a comprehensive roadshow, engaging 20 investors across both the UK and North America. This approach yielded strong interest and ultimately generated competitive pricing, minimal covenants and lender diversification.
Newbridge role
Newbridge acted as advisor to CHP, supporting the company examine funding options, arranger appointment and continued support through to transaction execution.
