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LevFinPrivate Equity

MasMovil bookrunners derisk bond deal with boost to loan

Masmovil from company 575x375

Banks backing Cinven, KKR and Providence’s take-private of MasMovil have boosted the size of the euro loan tranche in the market this week by €500m, cutting down the planned bond that will fund the remainder of the deal, the first major LBO announced in Europe since the coronavirus crisis.

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