Loan sets up buy-out of Maldives seaplane groups

02 May 2013

Maldives is a rare source of deals in the loan market. But that has not stopped bankers from successfully closing a $110m five year loan, launched by Blackstone Group to back its buy-out of two seaplane operators in the country.

The US private equity group said in February that it was acquiring controlling stakes in Maldivian Air Taxi and Trans Maldivian Airways. It hired Deutsche Bank and HSBC to gather demand.

The bookrunners managed to close the loan successfully, but did not opt for a widespread syndication. Instead, they ...

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