DE Master Blenders to raise €7.5bn of loans, but markets stay subdued
Leveraged loans bankers have welcomed a €7.5bn loan to finance DE Master Blenders’ merger with the coffee business of Mondelez International. But big deals alone don’t make the market, and lenders are growing increasingly concerned about the lack of deal flow among mid-market borrowers.
DE Master Blenders, the Dutch coffee company, is looking to raise funds in dollars and euros, said two loans bankers away from the deal.
JP Morgan, Morgan Stanley and Bank of America Merrill Lynch are joint bookrunners.Interest for the deal is high in the loan market. “It’s a ...