Spain's Deoleo sets price guidance for €600m loan

Olive Oil
By Ross Lancaster
14 May 2014

Deoleo, the Spanish olive oil producer, set terms for its €600m-equivalent refinancing loan at a lender meeting on Tuesday.

The borrower set price guidance for the €460m-equivalent term loan ‘B’ of 350bp with a 1% Libor/Euribor floor. The original issue discount guidance is set at 99.5.

The loan will be split about equally between euros and dollars, said a loans banker on the deal.

The €55m ...

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