The AA launches £2bn loan package to syndication

Following its debut bond issue on Tuesday, the Automobile Association has launched its loan package of around £2bn into syndication. A bank meeting will be held in London on Friday.

  • By Nina Flitman
  • 27 Jun 2013
The UK roadside assistance firm is refinancing £3bn of outstanding debt for its parent company, Acromas Holdings.

The term loan has been cut from £1.9bn to £1.775bn after the borrower increased the size of its senior bond transaction.

The borrower is also arranging a new £150m revolving ...

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2 Bank of America Merrill Lynch (BAML) 10.66
3 Credit Suisse 6.45
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