TFN quietly closes Eu300m French affair
A Eu300m financing backing the Eu120m takeover of French cleaning company Veolia Propreté Nettoyage et Multiservices by service group TFN Group, and for the refinancing of TFN’s existing debt, closed at the end of August.
The structure is split into roughly Eu250m of senior debt, including term loans, a revolver and a bridge loan, and about Eu50m of subordinated debt.
BNP Paribas coordinated the senior debt package, with Banque Populaires Rives de Paris, Crédit Agricole, CIC Est, HSBC France and Natixis joining as
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