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.
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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