Dorna waiver meets strong response

Bankers expect a waiver request from Dorna Sports to go through smoothly after the company’s four largest lenders — 70% of the syndicate — approved the changes before Monday’s launch. Bookrunners Bank of Ireland and Société Générale are backstopping the remaining 30% of the loan for the Spanish sports-rights management group.

  • 29 Oct 2012
Dorna has asked lenders to waive change-of-control provisions after the Canadian Pension Plan Investment Board (CPPIB) took a 39% stake in the company, which is owned by Bridgepoint. Dorna recently took over the commercial rights of the World Superbike Championship, to go alongside its long-standing control over the ...

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2 Citi 6,449 21 10.96
3 BNP Paribas 5,093 18 8.66
4 Barclays 4,040 11 6.87
5 Lloyds Bank 3,615 14 6.15

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5 Wells Fargo Securities 1,012.71 4 7.36%