Orangina breaks amid high demand but sellers hold on

  • 28 Jul 2006

secondary trading

The additional debt supporting the buy-out of drinks maker Orangina broke free to trade this week amid high demand.

The loan was heavily oversubscribed during syndication and traders were waiting expectantly for the mezzanine and second lien tranches to break free.

The mezzanine changed hands at 103.125/103.625 and the ...

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