Carlyle guides $1.8bn leveraged loan for Nep Group in borrower-friendly market

Nep Group, a US producer of broadcast programmes, gave price talk below 400bp for all first lien loans in the financing for its buyout by Carlyle, a further sign that margins have tightened in the leveraged loan market.

  • By Victor Jimenez
  • 02 Oct 2018

Carlyle is buying out Crestview Partners' stake in the company. Both sponsors invested in Nep two years ago, but Carlyle will now have a majority stake.

Nep was offering $1.04bn and €397m of seven year first lien term loans at 99.5, with margins of 350bp over Libor ...

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