Borrowers must tread carefully on pricing as bankers push back on Vivendi
France’s Vivendi has faced a revolt from some of its relationship banks over the pricing of a refinancing facility after launching the deal at 75bp.
There has been a lot of pushback on Vivendi, said a banker familiar with the deal. A number of banks have gone back to them and asked them to rethink. The margin for a triple-B name should be around 90bp.
"The 35bp upfront fee also needs to be
Please take a trial or subscribe to access this content.
Contact our subscriptions team to discuss your access: email@example.com
To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: firstname.lastname@example.org or find out more online here.