B&M Retail to allocate next week

15 Feb 2013

Syndication of the £585m of loans backing the buyout of UK retailer B&M Retail closed oversubscribed this week, with the allocation of the deal expected to come within the next few days.

Private equity firm Clayton, Dubilier & Rice is taking a 60% stake in the UK discount shop chain, backed by a £125m six year term loan ‘A’, a £35m seven year term loan ‘B’, a £100m six year revolver and a £25m six year acquisition line.

The six year ...

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