DSI wraps up Eu185m LBO loan in early-bird

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DSI wraps up Eu185m LBO loan in early-bird

General syndication of the Eu185m of leveraged loans supporting private equity firm Triton’s buy-out of DYWIDAG-Systems International (DSI) has been cancelled after an oversubscribed early-bird phase. Demand also meant that bookrunners could amend the margin ratchet on the loans, allowing the mining and construction company, headquartered in Luxembourg, to reduce margins earlier if it deleverages.

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