CeramTec to issue €1bn cov-lite debt

German ceramic manufacturer CeramTec is set to launch a new €1bn-equivalent debt package in support of its acquisition by private equity firm Cinven.

  • By Nina Flitman
  • 17 Jun 2013
The new credit facilities, which CeramTec expects to be cross border and covenant lite, will contribute to the financing of the €1.49bn buy-out of CeramTec from Rockwood Holdings. The debt is expected to include high yield bonds and leveraged loans.BC Partners also placed a bid for CeramTec, but ...

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