Sivantos unboxes jumbo loan for Widex LBO
EQT is merging its hearing aid firm, Sivantos, with Danish peer Widex. The largest leg of its funding, a €2.6bn credit facility, has been launched in the leveraged loan market, which is digesting multi-billion deals again.
Sivantos is issuing €3.3bn of new debt in the leveraged finance markets to fund the merger, which was announced on May 16.Combining both businesses will create one of the biggest global manufacturers of hearing aid devices, with sales of €1.6bn, only slightly behind its competitors William ...
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