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