KDG refi at 350bp, reverse flex not ruled out
Bookrunners are to launch a Eu500m bullet loan for German cable operator Kabel Deutschland (KDG) to institutional investors at a bank meeting on Thursday. Alongside a Eu300m high yield bond, the loan will be used to repay KDG’s PIK facility, a portion of its term loan ‘A’ and any drawn debt from its Eu100m revolver.
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