ADB buy-out blows out

20 May 2013

The loan backing PAI Partner’s buy-out of airfield lighting firm ADB Solutions is close to being wrapped up after pricing was successfully reversed flexed.

Pricing on all tranches but the €35m guarantee facility was reduced by 25bp. The margin on the €15m revolver, €10m credit facility and €37m term loan ‘A’ will be reduced from 425bp to 400bp, while the margin on the €72m term loan ‘B’ will go from 475bp to ...

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