Cabot CFO says £105m bridge for Marlin can convert to term loan

By Michael Turner
14 Feb 2014

UK consumer debt collector Cabot Credit Management has signed a £105m bridge loan to part-finance its acquisition of Marlin Financial Group.

JP Morgan led a syndicate of four other banks for the fully drawn bridge facility.

The rest of the £295m acquisition will be financed with Cabot's cash pile and by drawing on an existing £85m revolving credit facility, according to Cabot's chief financial officer Chris Ross-Roberts.

"The bridge ...

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