Low-levered Acteon nets oversubscription after drilling for bank lenders strikes oil

Syndication of the £405m of leveraged loans backing KKR’s acquisition of Acteon is set to close oversubscribed after a strong response from bank lenders, said bankers close to the company.

  • 09 Nov 2012

"It’s a great result, and we’re already oversubscribed with a few stragglers still to come in," said one banker working on the deal. "The deal was structured for the banks, given that it is sterling, is unrated, and the leverage is low."

KKR mandated Commerzbank, DNB, HSBC, KKR Capital ...

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