Interest rate floors back for upcoming Mivisa and Takko LBOs

Syndication is imminent for the Mivisa and Takko LBOs, with both deals making use of a Euribor floor — understood to be 150bp — to help the process.

  • 14 Jan 2011

One banker familiar with the Eu850m Takko loans said that the floor was a bonus for investors. But he did not see it as essential for a successful syndication.

Mivisa and Takko are following the example of deals like RBS WorldPay, which included a Libor floor in the blow-out ...

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