The structure of the Eu110m-Eu120m financing backing the potential buy-out of Kalle Nalo, the German sausage skin maker, is beginning to take shape as seven to eight banks circle the deal.
The proposed financing, although it is yet to be finalised, is likely to be made up of about Eu110m-Eu120m of funded debt. This will be senior debt only, with a term loan ‘A’ and ‘B’ structure, along with an undrawn revolver making the total debt up to Eu135m.
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