CVC brings repricing swing to sterling levloan market
Sky Bet, the UK gaming company owned by private equity firm CVC, is planning to cut margins on its existing term loan as activity stirs in the sterling loan market.
Sky Bet wants to lower margins over Libor from 525bp to 450bp on its £340m five year term loan ‘B’. The facility has a 1% floor, which the borrower also wants to cut to 0%.Goldman Sachs leads the deal, with Barclays and NatWest Markets other ...
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