Lexmark International Hires UBS to Lead Debt Refinancing Effort

The following appears on wsj.com

By Alexander Gladstone – Lexmark International Inc. has hired UBS Group AG to lead an effort to refinance its $1.8 billion debt stack, according to people familiar with the matter.

The Lexington, Ky-based printing technology company, which is owned by Chinese investors, needs to address the near-term maturity of its $340 million senior notes due March 15, 2020, as well as other looming debt obligations. UBS has in recent weeks reached out to prospective investors in order to gauge support for a global refi, the people said.

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SOURCE Wall Street Journal

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