Techem refi hits leveraged loan desks

Bookrunners are preparing to launch syndication of €550m of loans for Macquarie’s German meter-reading company Techem (B1/BB-), which is also planning to issue €735m of high yield bonds as it looks to refinance part of its debt.

  • 14 Sep 2012

The presence of the high yield bond means that the loan will be sold through the banks’ leveraged finance desks. When Macquarie raised €1.15bn of loans to finance its buyout of Techem in 2008, most banks syndicated the deal from their infrastructure desk.

With six bookrunners on the refinancing, ...

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3 Lloyds Bank 7,329 24 9.17
4 Citi 6,748 19 8.44
5 JP Morgan 5,220 8 6.53

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