Gruppo Coin set to wrap up
Bookrunners on the Eu985m of leveraged loans for Italian fashion retailer Gruppo Coin are expected to wrap up syndication early next week. Books officially closed on Thursday, although commitments from some Italian banks are delaying the process.
Only around Eu300m of the loans are being sold down, bankers estimate, with the eight bookrunners holding around Eu80m each. The debt is being syndicated to a mixture of banks and funds.
Banca IMI and UniCredit are global co-ordinators on the loans, which include an amortising term loan
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