Mivisa could be next in levloan land
Spanish tin-can maker Mivisa is set to bring some action to the leveraged loan market. The Blackstone-owned business, which reverse-flexed its last loan transaction twice, could be one of the next names to approach the market, said a banker close to the company.
"They havent done anything for a while and could well be in for a dividend, an amend-and-extend or an add-on," he said. "People love the company it has awesome margins and is clearly a very good business."
Mivisa was bought by Blackstone in 2011 in a 850m secondary
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