Xella pencils bank meeting for year’s first large cap buyout

Houses
By Max Bower
18 Jan 2017

Xella, the German building materials maker, held a bank meeting on Thursday morning in London for the first large buyout of the year so far, as it markets €1.3bn of loans backing its buyout by US private equity house Lone Star.

The deal comprises a €1.15bn seven yearcov-lite term loan ‘B’ and a €175m six and a half year revolving credit facility.

The bank meeting was scheduled for

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