Bridgepoint goes for flex on Dorna term loans

Pressure on pricing in the European leveraged loan market continued this week, with bookrunners on Dorna Sports’ Eu420m of refinancing loans able to slash margins on the term loans.

  • 15 Apr 2011
Margins on the six year Eu85m term loan ‘A’ were reduced from 450bp to 425bp, and the seven year Eu125m term loan ‘B’ had its pricing cut from 500bp to the same level — despite its longer maturity. Dorna’s Eu10m revolving credit facility also had its margins flexed ...

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2 Citi 4,288 14 10.60
3 Rabobank 2,633 4 6.51
4 Goldman Sachs 2,615 4 6.46
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