Cerba ratchets in pricing for LBO

By Max Bower
07 Mar 2017

Cerba Healthcare has released price guidance of just 325bp-350bp on its €544m buyout term loan, squeezing the tightening of recent repricings even further.

The seven year loan has a 0% floor and is offered at par, well inside the last notable leveraged buyout deal for German building materials maker Xella, which came at 400bp with a 0% floor. 

The deal will provide scant respite for investors under siege from a barrage ...

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