Intertrust allocates as tightened pricing reflects well on B&M

07 Feb 2013

The €512m all-senior loans backing the buyout of Dutch electronic commerce and data exchange technology firm Intertrust were allocated on Thursday, with the €350m-equivalent term loan ‘B’ clearing the market priced at 99 and with a margin of 450bp.

The pricing on the transaction, which was led by Bank of America Merrill Lynch, Deutsche Bank, Nomura and UniCredit, had been reverse flexed earlier in the week. The margins of a €87m six year term loan ‘A’, a €45 six year capex facility and €30m six year revolver ...

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