BAML misses out on jumbo Numericable loan for SFR

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By Olivier Holmey
27 Mar 2014

Bank of America Merrill Lynch is expected to miss out on one of the key leveraged finance deals of this year, the €11.75bn debt package backing Numericable’s bid for French mobile phone operator SFR, although three of its biggest rivals are all involved.

BAML is not involved, according to two bankers on the transaction and two away from it, contrary to widespread reports that the US house was in the top group of the deal. BAML declined to comment.

The bank group was originally thought to consist of BAML, Barclays, BNP ...

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