Global Blue close to allocation, book covered

Bookrunners on the €462.5m of leveraged loans backing the buy-out of tax-free shopping technology company Global Blue are expecting to allocate the deal on Monday as bankers said the book was well covered.

  • 13 Jul 2012

"We have around 28 names in the book," said one banker working on the deal. "The deal has gone well and has been priced at a level that will get it through the market and ensure it will trade well."

The loans have no official OID as yet but ...

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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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