SAP’s margin step-ups could prompt swift loan sell-down

GLOBALCAPITAL INTERNATIONAL LIMITED, a company

incorporated in England and Wales (company number 15236213),

having its registered office at 4 Bouverie Street, London, UK, EC4Y 8AX

Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement | Event Participant Terms & Conditions

SAP’s margin step-ups could prompt swift loan sell-down

German software company SAP will be encouraged to sell down the Eu2.75bn loan backing its acquisition of rival Sybase in the wider markets as the margin on the facility increases from an initial 65bp. The margin on the underwritten deal increases to 72.5bp as of July 15, to 80bp in September and to 90bp in January 2011.

Unlock this article.

The content you are trying to view is exclusive to our subscribers.

To unlock this article:

Request a Free Trial or Login

Related articles

Gift this article