Linde to sign after securing €6bn for M&A loan
German gases company Linde will sign a $4.5bn loan for its takeover of Lincare on Friday after the book on the deal swelled to almost $6bn. Tickets of $150m and $250m were available to lenders, but banks saw their commitments heavily scaled back.
"The deal went extremely well and the deal was hugely oversubscribed," said a banker close to the deal. "Theres not a large amount of M&A out there, and this is a blue chip German name so of course it was going to get a lot of attention."
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