Vion markets $1.2bn loan in NY, with unusual covenant wrinkle

Darling International will hold a bank meeting with potential investors in New York today, to market its new $1.2bn transatlantic loan package to finance its acquisition of Vion Ingredients.

  • By Olivier Holmey
  • 05 Dec 2013
Darling set price guidance at a bank meeting in London on Wednesday. The deal consists of a seven year term loan ‘B’ evenly split between dollars and euros. The dollars are being guided at 250bp to 275bp over Libor, with a 0.75% Libor floor and original issue discount ...

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GlobalCapital European securitization league table

Rank Lead Manager/Arranger Share % by Volume
1 Societe Generale 41.30
2 Rabobank 35.35
3 Morgan Stanley 11.45
4 BNP Paribas 5.95
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  • Last updated
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1 SG Corporate & Investment Banking 1,260.06 2 126,006,164,037.19%
2 Rabobank 1,081.86 1 108,185,922,974.77%
3 Wells Fargo Securities 430.57 1 43,057,020,785.00%
4 SK Securities 192.86 1 19,286,162,593.99%
4 Meritz Financial Group Inc 192.86 1 19,286,162,593.99%