Metro LBO bid looks rough for debt holders, whatever happens

Metro AS 230x150
By Morgan Davis
11 Jul 2019

Debt investors are looking at the leveraged bid for German retailer Metro AG by two private investors with uncertainty. Many questions remain about the outcome of the proposed deal, including the fate of Metro’s existing debt.

At the end of its last financial year in September 2018, Metro had €4bn of financial liabilities including leases, and €1.3bn of cash, giving net debt of €2.7bn.

Financing details were revealed this week for the €5.8bn offer for Metro's equity by EP Global Commerce VI GmbH, a vehicle ...

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