Schaeffler prices within range but US investors push wide on margin

By Ross Lancaster
16 Oct 2014

German bearings firm Schaeffler has priced its €1.77bn-equivalent term loan ‘B’ at the wide end of its guidance range in response to weak demand from the US market.

The borrower sized tranches to meet strong demand from Europe, increasing the euro piece to €750m from the €625m set out at guidance.

The dollar tranche was shrunk from $1.6bn to $1.3bn. The original tranche size guidance was rough, but at ...

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