KDG completes new term loan ‘H’ at tighter pricing

17 Apr 2013

German cable firm Kabel Deutschland has completed its €1bn term loan ‘H’ after the pricing on the seven year facility was reverse flexed.

The borrower, which had announced that the deal would be at least €600m, last week cut the pricing from 300bp over Euribor at par to 275bp over with an OID of 99.5.

The new facility has 101 soft call protection for six months and a maturity of March ...

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