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