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GC Asia
Autobar syndication comes after early commitments
Bookrunners launched general syndication on Thursday of the Eu785m loan backing CVC Capital’s Eu1.2bn leveraged buy-out of Autobar, the vending machine operator, after securing early bird commitments from existing lenders.
BNP Paribas, HSBC and Nomura are leading the transaction. They have closed the early MLA phase, with ING, Macquarie Bank and Rabobank joining at this level. Mizuho has joined as lead arranger and CVC Cordatus and Lloyds Banking Group have joined as participants.
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