B&M Retail’s loan trades up, more retailers to follow

B&M Retail’s term loan ‘B’ traded up on Tuesday, after arrangers finished syndication of the oversubscribed buy-out loans on Monday. Its good performance — along with Iceland’s successful repricing of its loans and Douglas’s senior and subordinated LBO financing signed in December — are all positive signs for the cyclical retail sector and could lure more to the market, said bankers.