Troy Companies International lands €110M in debut bond issue

What's the deal? Troy Companies International (TCI)Dealroom has a profile for this one. Try Dealroom →, a Dutch specialist in non-food consumer products, has placed its inaugural €110 million senior secured bond. ABG Sundal Collier (ABGSC)Dealroom has a profile for this one. Try Dealroom → acted as sole manager and bookrunner on the four-year issue, which priced on September 24, 2026.

What's the endgame? TCI supplies value-oriented and mass-market retailers across Europe and selected international markets. Its assortment spans licensed and proprietary products in four core categories: Creative & Stationery, Apparel & Accessories, Home & Living, and Toys & Games.

Where's the money going? Net proceeds will refinance existing debt, fund a one-time shareholder distribution, and cover general corporate purposes, including potential mergers and acquisitions.

The signal: The debut bond gives TCI a longer debt runway and dry powder for deals, a route more mid-sized consumer suppliers are taking to fund consolidation in a fragmented retail market.

Read more: abgsc.com