Histoire d’Or closes with scalebacks for investors
Bookrunners have been surprised at the demand for debt backing the acquisition and merger of France’s two leading jewellery retailers, Histoire d’Or and Marc Orian, as syndication for the so-called “goldfinger” deal closes this week.
A small number of commitments were delayed by the French bank holiday on Thursday, but bankers said the loans were “comfortably oversubscribed”. The size and terms of the loans will not be modified, leaving investors facing scalebacks.
“It has gone a lot better than we anticipated when we underwrote
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