Brexit anxiety kills refi loan from Vue

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By Victor Jimenez
06 Dec 2018

Cinema operator Vue International cancelled its £833m-equivalent leveraged loan offering amid increasing investor aversion to sterling risk, as the UK government and Parliament descended into a full-blown clash over the conditions for separation from the European Union.

Vue was out with a sizeable and complex loan deal that would have refinanced its entire capital structure, including the £134m bridge funding for its €222m (£197m) acquisition of German peer CineStar.

Vue wanted to sell £430m-equivalent in euros and £300m in sterling of senior secured term ...

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