BC hooks up £125m loan alongside bonds for Phones 4U acquisition
Private equity firm BC Partners is to take a £125m super-senior revolver alongside a £430m seven year non-call high yield bond in order to finance its acquisition of UK mobile phone retailer Phones 4U.
Goldman Sachs was mandated to lead the seven year non-call high yield bond, which was launched on Friday.
Some £50m of the revolver will be drawn from day one and will also be used to fund part of the acquisition. It has a maturity of two years and will ...Already a subscriber? Login