Spie, RAC meet lenders in watchful market
A bank meeting was held on Tuesday to launch Eu1.335bn of leveraged loans backing the leveraged buy-out of Spie, a French electricals company. Spie’s loans were launched with an original issue discount (OID) of 99 on the term loan ‘B’. Bankers close to the deal are confident that this will ensure that the deal will sail through the choppy market waters.
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