CPA Global cuts margins, increases euro tranches
CPA Global, the UK intellectual property service provider, has reverse-flexed its new loan and increased its euro share after receiving strong demand from European investors.
The seven year term loan ‘B’ in euros has grown from €250m to €330m, while the dollar term loan ‘B’ has been reduced by $65m to $300m.
The 7.5 year second lien tranche, meanwhile, is changing from $300m in dollars only to $230m and €50m.
CPA Global has
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