Pernod loan is almost done

Commitments for Pernod Ricard’s Eu12bn crossover loan were due last Tuesday. As with virtually all deals this year, the deadline was extended, but it is now winding up. The leads expect about Eu7bn of commitments, a big ask for a borrower leveraged more than six times Ebitda. Find out on Friday how syndication fared and whether the leads are likely to be left long.