Geberit aims at bond after flushing out Sanitec

By Elly Whittaker
14 Oct 2014

Swiss toilets firm Geberit on Tuesday announced a Sfr1.29bn deal to buy Finnish bathroom fixtures firm Sanitec, using a dual tranche bridge loan from JP Morgan.

It will pay Sfr1.29bn (€1.07bn) if it succeeds in buying all of Sanitec. JP Morgan has provided a loan to finance the deal and Geberit will also use cash on hand, so the takeover is not subject to any financing condition.

The loan has two tranches, a bridge to ...

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