Orient Express Rail Operator Seeks €300 Million From Debut Bond

The company behind the Orient Express in Italy is planning a €300 million ($349 million) bond sale to refinance debt as it seeks to refurbish some of its assets.

Italian luxury hotel developer and rail operator Arsenale SpA has mandated Pareto Securities to arrange a series of fixed income meetings starting Wednesday. A debut senior secured bond issue with a four-year tenor may follow, said a person familiar with the deal, who asked not to be named.