The bank debt for the SICPA Group was said to have jumped to the 95-100 context over the last couple of weeks on speculation that the deal will be refinanced, according to European loan market sources. The paper for the Prilly, Switzerland headquartered company had been previously quoted in the mid 80s to low 90s. SICPA Group produces security inks for bank notes and value documents. Calls to officials were not returned by press time.
SICPA Climbs With Expected Refi