Dorna waiver meets strong response

Bankers expect a waiver request from Dorna Sports to go through smoothly after the company’s four largest lenders — 70% of the syndicate — approved the changes before Monday’s launch. Bookrunners Bank of Ireland and Société Générale are backstopping the remaining 30% of the loan for the Spanish sports-rights management group.

  • 29 Oct 2012
Dorna has asked lenders to waive change-of-control provisions after the Canadian Pension Plan Investment Board (CPPIB) took a 39% stake in the company, which is owned by Bridgepoint. Dorna recently took over the commercial rights of the World Superbike Championship, to go alongside its long-standing control over the ...

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1 Bank of America Merrill Lynch (BAML) 4,755 19 11.75
2 Citi 4,288 14 10.60
3 Rabobank 2,633 4 6.51
4 Goldman Sachs 2,615 4 6.46
5 Barclays 2,603 8 6.43

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5 Credit Suisse 37,235.50 114 5.83%