All eyes on Springer’s €2.5bn cov-lite loan

A €2.5bn-equivalent cov-lite loan backing the €3.3bn acquisition of German publisher Springer Science by private equity firm BC Partners should prove no challenge for European investors, according to leveraged loan bankers.

  • By Olivier Holmey
  • 20 Jun 2013
Leads have said this deal would be the largest cov-lite loan marketed in Europe so far. Although it will contain a dollar-denominated tranche, banks involved expect the deal's euro portion to be far larger than previous such tranches, including the €450m tranche that formed part of the refinancing ...

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