German ceramic manufacturer CeramTec is set to launch a new €1bn-equivalent debt package in support of its acquisition by private equity firm Cinven.
The new credit facilities, which CeramTec expects to be cross border and covenant lite, will contribute to the financing of the €1.49bn buy-out of CeramTec from Rockwood Holdings. The debt is expected to include high yield bonds and leveraged loans.BC Partners also placed a bid for CeramTec, but
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