Picard Surgelés launches syndication
Bookrunners arranging the Eu675m loan backing Lion Capital’s leveraged buy-out of Picard Surgelés launched syndication of the senior debt this week in Paris after receiving early bird commitments last month. Lion Capital has supported the buy-out with an equity contribution of more than 40%. The deal also features a Eu300m underwritten bridge to bond facility — a high yield bond is expected to launch later this month. Read EuroWeek on Friday to find out how the syndication process is going and which deal is launching next.
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