IFCO launches buyout debt

IFCO crate 230x150
By Owen Sanderson
19 Mar 2019

Bank of America and Goldman Sachs have launched the loan backing Triton Partners and Luxinva's buyout of IFCO Systems, the Germany-based reusable plastics business of Australia’s Brambles.

The buyout will be financed with a $1.235bn equivalent euro term loan B which will be syndicated, a $160m privately placed dollar term loan B, and a $204m privately placed second lien term loan. Also available will be an undrawn €105m revolver and a $250m capex facility, both ...

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