All material subject to strictly enforced copyright laws. © 2022 Euromoney Institutional Investor PLC group
SecuritizationCLOs-CDOs

Picard steps away from reverse-flex but cuts OID

Bookrunners on the Eu675m senior debt facility backing the Eu1.5bn buy-out of Picard Surgelés, the French frozen foods company, have ruled out a reverse-flex, instead reducing the original issue discount on the deal from 99 to 99.75.

Unlock this article.

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

To unlock this article:

Take a Free Trial or Login
We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree