BSN Medical's refi to close in the best of health

BSN Medical, the German bandage maker, expects to complete the refinancing of its euro and dollar term loan 'Bs' by Friday, after receiving final commitments from investors on Wednesday. The margins were reverse flexed for a second time — by a further 25bp — on Tuesday.

  • By Olivier Holmey
  • 22 Aug 2013
According to the leads, BSN Medical is a favourite German credit among investors and also appealed to those investment funds which wanted portfolio diversification. For a solid German healthcare business, the expected leverage of 3.9 times on senior debt and 6.2 times in total is also viewed as ...

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