Lone Star keeps single-B sale private
Necta & Wittenborg Global Vending (N&W), the Italo-German maker of vending machines owned by private equity firm Lone Star, privately tapped its 2023 secured notes this week to fund the acquisition of peer Saeco.
N&W sold a €70m add-on to its debut bond — a €300m senior secured deal due 2023 — privately on Tuesday.The borrower will use the proceeds to complete its acquisition of Saeco, a Bologna-based coffee machine maker, which Lone Star already had a 25% stake. It ...
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