Signify preps post-acquisition capital structure with loans
Signify, the acquisitive Dutch lighting company, has signed €1.75bn-equivalent of bank debt, but is looking to drive its leverage ratio down sharply in the coming years.
Signify’s new facility is made up of term loans and a revolving credit facility. The bigger of the term loans has a three year maturity and is split between a €400m and $275m tranche.The second term loan has a five year maturity and is made up of €340m ...
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