Dixons nets looser covenants for £300m refi

UK electrical goods retail chain Dixons has signed a new £300m revolving credit facility with a maturity of June 30 2015 to replace an existing loan that was due to expire in 2013. Dixons’ lenders have also agreed to relax the company’s financial covenants.

  • 28 May 2012

The new loan will be reduced to £200m by September 2014, the company said, in line with the group’s expected requirements and objectives.

Dixons (B1/-/B) said it remained on track to redeem its £160m 6.125% bonds due in November 2012, as Moody’s predicted in December. The company has ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access: subs@globalcapital.com

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: subs@globalcapital.com or find out more online here.

GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 Citi 3,691 11 20.69
2 Morgan Stanley 2,420 6 13.57
3 Goldman Sachs 2,096 5 11.75
4 BNP Paribas 1,686 6 9.45
5 Barclays 1,565 4 8.77

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 50,403.75 160 10.75%
2 JPMorgan 43,572.97 127 9.29%
3 Wells Fargo Securities 37,802.87 110 8.06%
4 Bank of America Merrill Lynch 35,114.60 112 7.49%
5 Credit Suisse 30,324.55 94 6.47%