Photonis wraps up €240m senior

Syndication of the €240m of senior loans backing Axa’s buyout of French night vision component manufacturer Photonis has allocated fully subscribed to bank and institutional lenders, said bookrunners IKB, ING and Société Générale.

  • 17 Nov 2011
The loans comprise an €80m term loan ‘A’, a €120m term loan ‘B’, a €25m acquisition facility and a €15m revolver. The term loan ‘B’ has a seven year maturity and offers 500bp, while the other tranches are for six years and pay 450bp. There is also a ...

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