Paysafe wires large bridge for $4bn LBO

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By Victor Jimenez
22 Aug 2017

Fintech firm Paysafe has disclosed the financial structure initial lenders have put in place before they begin marketing the all-leveraged loan funding of its acquisition by CVC and Blackstone from Old Mutual and Threadneedle.

Paysafe’s LBO is one of the most hotly anticipated deals in Europe’s speculative grade debt markets, despite market caution about this type of trade. “Those massive leveraged buyouts usually come with less than credible growth stories," said one portfolio manager. "All the same, sometimes it’s hard to stay away ...

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