Opodo set to close oversubscribed, but no flex on offer

The loans backing Axa and Permira’s buyout of internet travel firm Opodo are set to be closed imminently after the deal was well oversubscribed, according to bankers working on the facility. Although demand for the Eu655m of loans has exceeded expectations, the pricing on the deal will not be reduced.

  • 07 Apr 2011
"The deal has gone very well, but it’s not going to be flexed,” said a banker close to the transaction. “Fundamentally, this is a solid business, but it is complicated. There are three firms coming into one, and because the company is complex we want to keep 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 Credit Suisse 50,788.13 152 5.52%