CPA success gives confidence for Iceland LBO
Bankers working on the debt financing for the management buy-out of UK food retailer Iceland are waiting to see the market’s response to an LBO of CPA Global before setting terms on their deal.
Credit Suisse, Deutsche Bank, HSBC, Nomura and Royal Bank of Scotland have been mandated to lead the euro and sterling denominated transaction.
"Its too early yet to look at pricing, and everybody is watching how the CPA deal goes to see where the levels are," said a leveraged loans
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