BC hooks up £125m loan alongside bonds for Phones 4U acquisition

21 Mar 2011

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 ...

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