Marcolin, the Italian eyewear manufacturer, has completed the syndication of senior term loans and revolvers totalling €130m used to support the firm’s acquisition by private equity firm PAI Partners late last year.
The facilities backing the buyout comprise a 55m six year amortising tranche, a 55m seven year bullet loan and a 20m six year revolver. The loans were led by Banca IMI, Natixis and UniCredit as original mandated lead arrangers and bookrunners, while IKB joined the deal as a
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