GEO Travel reaches for Eu175m

10 Apr 2011

GEO Travel launched a Eu175m senior unsecured eight year non-call four bond to finance the acquisition of Opodo by AXA and Permira on Monday, alongside Eu480m of senior facilities.

AXA and Permira are backing the takeover as the current owners of GoVoyages and eDreams. These firms will – together with Opodo – form the new online travel agency GEO.

Credit Suisse, Goldman Sachs, Société Générale and UBS are managing the bond.

A roadshow for the notes, provisionally rated Caa1/B-, ...

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