Nets prices its €1.2bn loan, set to scale back investors

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By Ross Lancaster
15 May 2014

Nets, the Danish payment and information services firm, closed the books on its €1.2bn term loan ‘B’ on Wednesday with no change to its pricing.

The borrower priced the loan at 350bp over Euribor with a 0.75% floor. The original issue discount is 99.5.

The seven year term loan is split between tranches of Nkr2.4bn (€300m) and €910m. Nets is also raising a €200m-equivalent revolving credit facility.

The deal backs the buyout of ...

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