Stada cuts loan size and tightens pricing ahead of commitment deadline
Stada, the German pharmaceutical firm, has shrunk its leveraged loan by €250m and increased its high yield bond by the same amount, ahead of the loan's commitment deadline on Thursday.
The seven year term loan was initially intended to be for €1.95bn
and the bond for €875m (see corporate bond section for more on the bond).
“The bond was multiple times subscribed [due to] strong demand
there,” said a banker on the deal. "[It’s] not a sign of
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