BSN repricing to draw on US heat

EQT-owned German bandage maker BSN Medical (B/B2) is looking to reprice its €740m term loan ‘B’ at tighter terms just three months after signing, with leveraged finance bankers confident that the strength of the US loan market would make the adjustment possible.

  • 02 Oct 2012

BSN is looking to reduce the margin on the €455m euro-denominated tranche from 500bp to 425bp, and cut the margin on its €225m-equivalent US dollar tranche from 475bp to 325bp. The euro loans are offered at 99.5, with the dollar loans at par.

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