Intertrust’s package reverse flexed after heightened demand
The pricing on a €512m all-senior debt package supporting the buyout of Intertrust, the Dutch trust and corporate services group, has been reverse flexed after attracting strong investor interest in syndication.
The margins of a €87m six year term loan ‘A’, a €45 six year capex facility and €30m six year revolver have all been cut by 25bp to 425bp over Euribor.
The pricing on a €350m-equivalent seven year term loan term loan ‘B’, which is split into tranches
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