ION Analytics tries again
ION Analytics has returned to the market with a $1.9bn-equivalent loan package to fund the combination of Dealogic with Acuris. It tried to sell this deal before the US presidential election but pulled it in the face of weakening sentiment and concerns over political stability.
The structure of the issue is similar to last year’s offer, with a $850m dollar tranche and €865m in euros, both paying 425bp over Libor or Euribor, floored at 0.5% and 0% respectively. Price talk is 99 for the dollars and 98.5 for the euros. But it is
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