Kalle Nalo financing targeted to close before the summer lull

21 Jul 2009

The club financing backing the potential buy-out of Kalle Nalo, the German sausage skin maker, is set to be finalised in the next two weeks, according to a banker on the deal.

The Eu135m financing will have a term loan ‘A’ and ‘B’ structure, along with an undrawn revolver of about Eu15m-Eu20m. The ‘A’ and ‘B’ pieces will be about the same size as each other and priced in the 400bp-500bp range, although the final margins and structure are expected ...

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