Springer Science deepens discount to attract investors

Springer
By Olivier Holmey
24 Jul 2013

Springer Science+Business Media has deepened the discount on its new transatlantic covenant-lite loan package in order to make the transaction more appealing to potential investors.

The deal is now being pitched at an OID of 96.5, and earlier this week it was even being marketed as low as 96.

Leads suggested the change in discount from 99 had more to do with the size of the deal and the leverage it entailed for the ...

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