Fotolia still in discussions with lenders

US stock photo website Fotolia has had to push back the deadline for final commitments to its latest deal again, having not reached an agreement with lenders over the terms of its $300m equivalent debt.

  • By Olivier Holmey
  • 04 Jul 2013

The potential investors, who are for the most part based in the US but also include European accounts, have requested lower leverage, higher pricing and changes to the deal’s covenants, said a loans banker with knowledge of the transaction.

The lenders and borrower have not yet agreed on the ...

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