Inghams nets nine in early bird phase, general unlikely

Bankers working on Inghams Enterprises’ A$748m ($781.8m) leveraged buyout loan have received pledges from nine lenders in the early bird phase of the deal. The success means the loan is already fully covered and is unlikely to go into general syndication, said bankers.

  • 10 Apr 2013

Lenders were given until April 5 to make commitments during the early bird phase, according to bankers working on the deal. The deal is now oversubscribed and bankers are now considering closing the Australian company’s loan at the senior phase.

The loan is split into three chunks, each ...

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