Spotless makes clean sweep with chunky loan and IPO

laundry, linen
By Rashmi Kumar
28 Apr 2014

Australia’s Spotless Group Holding, an outsourcing, laundry and linen services provider, is set to borrow loans worth around A$840m ($778.8m) after the company closes its initial public offering of A$1bn.

Spotless is splitting the fundraising between a syndicated revolving facility and a bilateral loan.

The revolving facility is for A$637m and is denominated in Australian and New Zealand dollars. 

Facility ‘A’ is a A$424.2m three year, which can consist of up to A$324.9m and up to NZ$107m ($91.7m). Facility ...

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