US levloan market weighs down heavy on Europe, with Deoleo caught by a fund shift

Euro Dollar
By Ross Lancaster
12 Jun 2014

Spanish olive oil producer Deoleo scrapped the entire dollar tranche of its €600m loan last week but as the dust settles on the deal it has emerged that US, rather than European investors, played the pivotal role in this swing.

Original guidance on the deal had set out an about even split between euros and dollars on the deal’s €460m-equivalent term loan B.

However the dollars were abandoned by the time ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial