Card Factory tightens pricing, adds OID

Card Factory, the UK gift card retailer, has priced its new £165m term loan ‘C’ at the tight end of guidance ahead of the deadline for final commitments on Monday.

  • By Olivier Holmey
  • 26 Sep 2013

The debt, which will be used to pay a dividend to Card Factory’s private equity owner Charterhouse, has a margin of 500bp over Libor. Original guidance was 500bp to 525bp over.

But the deal’s arranger Nomura has also added an OID guidance of 99 to 99.5 on the ...

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