Carlyle’s Praesidiad LBO loan in heavy week
Praesidiad, a Belgian perimeter security company, launched the term loan for its acquisition by private equity firm Carlyle on Monday, in what was a busy week for the market. More than €2.5bn of loan deals have been launched in the past four days.
Carlyle won the bid to buy Praesidiad from CVC in mid-July. On Monday, it arranged a lender meeting for a €320m seven year term loan ‘B’ to fund the acquisition.The loan is offered with a margin of 400bp over Euribor, and a 0% floor. The original ...
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