Verisure’s Holding Company Raises €1 Billion of PIK Notes (1)

An entity holding a substantial stake in Verisure Plc has sold €1 billion ($1.2 billion) of bonds, weeks after the security services group’s initial public offering.

The so-called payment-in-kind toggle notes were raised through Aegis Lux 1A Sarl, a company holding 43.7% of Verisure, according to a person familiar with the matter who asked not to be identified. The bonds priced with a coupon of 5.625%, the lower end of the final guidance range and tightened from the low to mid 6%’s marketed earlier.

The Hellman & Friedman-backed firm debuted in Stockholm earlier this month with a share ...