Opodo bookrunners launch loans to general syndication

04 Mar 2011

Bookrunners on the Eu655m of loans backing Axa and Permira’s buyout of internet travel firm Opodo reported a strong response at Wednesday’s bank meeting, as they look to attract fund investors in general syndication.

There was no early-bird syndication of the loans, with six banks — Commerzbank, Credit Suisse, Goldman Sachs, Lloyds, Société Générale and UBS — underwriting the deal. Two more have already committed, leaving very little bank debt to sell down, bankers said.

A portion of the debt will be used ...

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