Senior syndication of Yell's £1.25bn refinancing should close oversubscribed shortly. "Further syndication is highly unlikely," said one banker.
The loan refinances Yell's 2001 buy-out by Apax and Hicks, Muse, Tate & Furst, which floated the directories business in July. Mandated lead arrangers are ABN Amro and HSBC.
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