Techem adds bonds to refi package
Techem has now added a €600m high yield bond to the planned repricing of its €2.3bn term loan B, in a sign that bonds are now the more competitive product for some issuers, especially those at the top end of the market.
Credit Suisse announced a repricing of the energy management company’s €2.29bn term loan B last week, looking to cut the margin on the loan to 300bp-325bp with 99.875 original issue discount (compared with 350bp originally).The move followed repricings from Refinitiv and Nouryon, similarly large liquid loan ...
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