Grohe brings forward cov-lite deadline
The commitment deadline for bathroom and kitchen-fittings company Grohe’s €300m-equivalent cov-lite loan has been brought forward five days to May 11 as bankers predict a strong response from CLO investors who hold the company’s existing FRN, which the new loan is refinancing.
Grohe launched its loan at bank meetings on May 2 and May 4 with an original deadline of May 16.
For its new first-lien term loan, Grohe wants to raise a minimum of €100m in euros and $250m in dollars. The loan will mature in May 2017 and be
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