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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