Blackstone’s Essel loan launches into general

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By Pan Yue
22 Aug 2019

A $170m loan supporting Blackstone’s acquisition of Essel Propack (EPL) has been launched into general syndication, attracting two lenders already.

Goldman Sachs, Investec, Standard Chartered and UBS are the mandated lead arrangers and bookrunners. Barclays and Nomura committed to the deal before general syndication, according to a banker close to the situation.

The amortising facility has a tenor of five years. The margin is set at 309bp ...

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