Andritz seeks Schuldschein for M&A with novel maturity range

Austrian machinery maker Andritz has launched a €300m four tranche Schuldschein, with tranches of seven years and 7.75 years. A banker said the intention was to see if lenders could be lured further out along the maturity curve.

  • By Silas Brown
  • 10 Jul 2018

Lead arrangers Raiffeisen Bank International and UniCredit are offering five, seven, 7.75 and 10 year tenors, with pricing ranges of 70bp-85bp, 90bp-105bp, 100bp-115bp and 115bp-130bp over Euribor.

“The seven plus nine months is strategic,” said the banker. “Borrowers like Andritz typically like to use the Schuldschein as ...

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