CeramTec launches €307m high yield part of LBO financing

CeramTec, the German ceramics manufacturer, has announced its €306.7m high yield bond to support its takeover by private equity firm Cinven.

  • By Stefanie Linhardt
  • 22 Jul 2013

The senior unsecured notes will be issued through Faenza GmbH with expected Caa1/CCC+ ratings.

Deutsche Bank is billing and delivering and joint bookrunner on the deal with RBC Capital Markets and UBS.

The €647m-equivalent transatlantic covenant-lite ...

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