BNPP, Deutsche and SG lead Eu550m R Cable loans
Private equity firm CVC is to raise Eu550m of loans to rebalance the capital structure of Spanish cable firm R Cable. BNP Paribas, Deutsche Bank and Société Générale are mandated lead arrangers of the loans.
The loan comprises a Eu400m term loan B, a Eu100m capex facility that can be used for dividends, and a Eu50m revolver. The term loan B will pay 500bp, while the capex and revolving credit will have margins of 450bp.Bankers said most of the companys existing syndicate would
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