IDH bookrunners seek reverse flex
Bookrunners on the £355m of loans backing Carlyle’s buy-out of Integrated Dental Holdings have asked those lenders that have already committed to do so again at reduced pricing. They have until Tuesday to respond.
The reverse flex would cut margins on the £104.5m term loan A and £155.5m term loan B by 25bp each to 425bp and 475bp respectively. Pricing on the £85m acquisition facility and £10m revolver will remain at 450bp.
Bank of Ireland, ING, Lloyds and Société Générale are underwriting
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.