Britax leverage grows as bidding war hots up

Demand for the loans backing the buy-out of Britax continues to grow, and leverage for the deal could reach 5.8 times Ebitda, said bankers close to the transaction.

  • 28 Oct 2010

There are now 27 banks reportedly interested in supporting the financing, as the bidding war for the child car seat maker intensifies.

Last week, 18 banks were said to be involved in the bidding process, and leverage was quoted at between 4.5 times and five times. But five times ...

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