Forward starts come to the relief of more borrowers

January 21, 2009 12:00 am

Reed Elsevier, the publisher, and bookmaker William Hill are following UK brewer, Marston’s, in seeking forward start facilities — refinancing loans that begin well in advance of loan maturity dates, extending those further and leading the borrower to pay higher margins immediately. Read EuroWeek on Friday for the latest on these deals.

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