Banks launch Eu235m CABB LBO syndication

19 Apr 2011

Bookrunners have launched syndication for the Eu235m of loans backing Bridgepoint’s takeover of German chemicals firm CABB. A bank meeting is being held on Tuesday in Frankfurt.

Commerzbank, DZ Bank and Société Générale are underwriting the all senior loans, which will leave the company with a leverage ratio of around 3.8 times.

The loans comprise a Eu72.5m term loan ‘A’, a Eu112.5m term loan ‘B’, a Eu20m revolver and a Eu30m capex facility. The term loan ...

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