CPA allocates repricing, Convatec to come

25 Oct 2012

CPA Global this week received unanimous consent for the repricing of its term loan ‘B’ euro tranche, allocating the deal on Tuesday morning.

The margin on the £185m-equivalent euro tranche of the £235m term loan was, as expected, cut by 75bp from 537.5bp to 462.5bp, according to a source close to the transaction. Allocations were made at par.

"There was some shuffling-round of commitments because some guys wanted a bit less, some ...

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