Pets goes free, trades at par

UK retailer Pets at Homes’ £510m loan, the biggest European LBO facility this year, has been signed and went free-to-trade on Tuesday, said bankers close to the deal.

  • 19 Mar 2010

"This was the first big syndication we’ve seen in the leveraged loan market this year and the result is very pleasing," said one banker. "We just hope that they’ll be a steady trickle of deals following it."

Although not much trading has been reported, the term loan ‘B’ was ...

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3 BNP Paribas 3,530 14 6.89
4 Barclays 2,853 9 5.57
5 Credit Suisse 2,783 8 5.44

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