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