Nocibé's €330m loan for Douglas takeover oversubscribed
Investors committed en masse to the new €330m debt package from Nocibé, the French perfumery chain, ahead of the deal’s Thursday deadline.
The drawn part of the debt – a €275m June 2020 term loan ‘C’ with price guidance at 475bp over Euribor – was heavily oversubscribed, with commitments to be cut back, a lead banker said.A €35m revolver and €20m capex/acquisition facility are intended to be left undrawn. ...
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