Matahari catches the eye with talk of 600bp margin on LBO

11 Mar 2010

The loan backing CVC’s acquisition of Indonesia’s Matahari Department Store is set to be four times Ebitda with margins starting at the 600bp mark and a six year tenor, said a leveraged loans banker in Hong Kong.

CVC is looking for around $440m-$480m in rupiah, based on earnings of $110m-$120m. The margin of 600bp over Libor makes the deal one of the most lucrative under discussion in Asia’s loan markets.

Leveraged loan bankers are closely watching the deal’s progress. It is not only one of Indonesia’s ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access: subs@globalcapital.com

Or sign up for a trial to gain full access to the entire site for a limited period.

Free Trial

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: subs@globalcapital.com or find out more online here.