CVC feeds Pasubio LBO to early birds as margins tighten

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By Victor Jimenez
05 Jul 2017

Pasubio, the Italian maker of speciality car upholstery, is funding its buyout by CVC with a leveraged loan and revolver launched on Wednesday in an issuer-friendly market.

The borrower launched the early bird phase of a €175m term loan and a €35m revolving credit facility to fund the private equity firm CVC's acquisition. 

BNP Paribas and UniCredit have committed initial financing and opened the loan syndication to relationship banks and institutional investors.

A person with knowledge of the ...

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