Brexit anxiety kills refi loan from Vue

Movie camera 230x150
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 ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access:

Or sign up for a trial to gain full access to the entire site for a limited period.

Free Trial

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: or find out more online here.