Flint offers 200bp for amend and extend
Flint Group, the printing and packaging company, is offering a 50bp fee and a margin uplift of 200bp to those lenders that agree to extend the maturity and relax the terms of Eu2.5bn of loans before February 25.
Lenders that do not approve the changes before the early-bird deadline have until March 4 to respond, and will receive a reduced fee of 30bp.
Margins on the companys revolver, and A, B and C loan tranches would be increased from around 225bp to 425bp if the undisclosed maturity
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