ThyssenKrupp Elevator sees monster demand, paves the way for LBO lift-off

By Owen Sanderson
02 Jul 2020

The huge demand seen for ThyssenKrupp Elevator’s buyout financing, the largest bridge loan left on banks’ books through the Covid-19 crisis, should reassure credit committees and capital markets operators that the LBO market is wide open again, for the right business. Owen Sanderson reports.

Formally announced last week, the €8bn financing across seven tranches was priced on Tuesday this week, marking a successful syndication of the largest European LBO financing since the financial crisis.

With books well in excess of €20bn-equivalent, the deal left no doubt that leveraged credit markets ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial