Verisure launches €350m loan refi

Verisure
By Max Bower
06 Mar 2017

Verisure joined the runaway repricing train in European leveraged loans this week, launching a €350m term loan ‘B’ as it looks to refinance an existing Swedish kroner facility paying more than 500bp.

The existing €280m-equivalent kroner loan pays 425bp over Stibor with a 1% floor, a price point new to euro leveraged loan investors, following the precipitous drop in margins since mid-2016.

“The market is just crazy really,” said one senior portfolio manager. He added that he thought even a ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access: subs@globalcapital.com

Or sign up for a trial to gain full access to the entire site for a limited period.

Free Trial

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: subs@globalcapital.com or find out more online here.