Nets snares M&A funding

Digital payment company Nets has agreed a €515m financing package, as the private equity owned Nordic company prepares to merge with Germany’s Concardis Payment and buy Poland’s Dotpay.

  • By Mike Turner
  • 05 Jul 2018

Nets has agreed a €475m term loan 'B' and a €40m-equivalent multicurrency add-on revolving credit facility from lenders.

The funds will be used to refinance Concardis’ existing debt of around €400m, plus around €75m for the Dotpay purchase. 

The transaction will lower net senior secured and total net leverage from ...

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