Chesapeake covered as deadline looms

Commitments for the £340m-equivalent loans supporting the buyout of UK packaging firm Chesapeake by private equity firm Carlyle are due in on Tuesday.

  • By Nina Flitman
  • 17 Sep 2013

The deal has already been covered before the commitment deadline, according to a banker close to the deal. Barclays, Credit Suisse, Goldman Sachs and UBS are arrangers on the facility.

The drawn debt is a seven year £290m-equivalent term loan ‘B’, evenly split between euro and sterling tranches. The ...

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2 Rabobank 12.61
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5 Credit Suisse 9,276.87 26 5.84%