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CEP’s term loan ‘B’ allocated with 99.5 OID as leveraged liquidity dries up

The Eu545m leveraged loan package backing JC Flowers’ takeover of French mortgage insurance broker Compagnie Européenne de Prévoyance (CEP) was allocated on Wednesday, with the term loan ‘B’ being issued with an original issue discount (OID) of 99.5.

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