Flint offers 200bp for extension

Flint Group, the printing and packaging company, is offering lenders a 50bp fee and a margin uplift of 200bp if they agree to extend the maturity and relax the terms of Eu2.5bn of loans before February 25.

  • 22 Feb 2011

Lenders who do not approve the changes before the early-bird deadline will have until March 4 to respond, and will receive a reduced fee of 30bp.

Margins on the Luxembourg-headquartered company’s revolver, and ‘A’, ‘B’ and ‘C’ loan tranches would be increased from around 225bp to 425bp if the ...

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