Elior increases term loan ‘I’ by over 50% after investors flock to portable facility

18 Apr 2013

Elior allocated its increased €453m term loan ‘I’ on Wednesday morning, with the facility trading up in the secondary market having been priced at par.

The term loan, which matures in March 2019, was increased from an initial size of around €300m after strong oversubscription during syndication.

Elior also increased the size of a planned €300m seven year high yield bond issue to €350m. The bonds were priced at 6.5% with books closing on ...

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