Hella mulling forward start increase

Hella is set to sign Germany’s first forward start facility on Friday and could increase the deal from Eu400m to Eu550m which would be an impressive result for the car parts supplier given its sector and rating of Ba1, said bankers close to the deal.

  • 18 Jun 2009
“It took a bit of time to explain to local banks how forward starts work,” said one. “But once they got their heads round the idea they were really positive. There were only about two drop-outs from the original syndicate and we even had commitments from new lenders, ...

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