Armacell pricing soars as volatility hits levloan market

The pricing of Armacell’s latest loan package has soared by about 100bp, in the clearest sign yet of market volatility hitting leveraged loan issuance.

  • By Olivier Holmey
  • 26 Jun 2013

The German foam manufacturer had retranched its debt to feature euros more heavily and decrease reliance on the more volatile US market. The term loan ‘B’ tranche denominated in dollars was reduced from $210m to $185m, while the euro portion rose from €100m to €120m. 

But that change did ...

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