BCA prices its debt package to back refi and buy-out

British Car Auctions, the UK used car retailer, has set the margins and fees on its latest loan package after a bank meeting with lenders on Tuesday.

  • By Olivier Holmey
  • 04 Jul 2013

The new debt, priced between 425bp and 475bp over Libor, will back BCA’s acquisition of Manchester-based car valuation and sales website webuyanycar.com. It will also partially refinance the company’s outstanding credit facilities.

The structure will comprise £345m of senior facilities, £180m of which will be new money. It ...

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