Banks weigh up Asco LBO debt options

Leveraged loan bankers are working with private equity firms on a debt package for the potential buyout of Phoenix Equity Partners-owned oil and gas business Asco Group.

  • 10 Oct 2011

Some banks are understood to be chasing an underwrite, while others are only willing to arrange a club deal.

As a result, estimates of the debt that would back any LBO range from £100m-£170m. A facility of £170m would put leverage at over five times the company’s Ebitda of ...

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