BCA starts its A&E engine, but road to tight prices gets bumpy

British Car Auctions, the UK’s used vehicle sales company, is about to launch additional loan facilities, as well as amending and extending its existing debt.

  • By Olivier Holmey
  • 26 Jun 2013

The launch comes amid signs that market volatility is hitting the levloan market, as pricing on Armacell's cov-lite cross-border deal was flexed by about 100bp (see separate story). 

Some market participants, however, are underplaying the importance of that flex for upcoming deals, including BCA’s.

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