Daisy group splits £265m debt into term loan and revolver, adds a PIK

By Ross Lancaster
23 Oct 2014

UK business communications provider Daisy Group has split £265m of senior debt backing its buyout into two loan facilities and added a PIK loan.

A £225m ($360.8m) loan ‘B’ takes up most of the senior debt. The rest is a £40m revolving credit facility.

HSBC, ING and Lloyds have each underwritten £75m of the term loan. All three have also underwritten £13.3m of the ...

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