(Bloomberg) -- Blackstone Group LP and Lion Capital
LLP are seeking 192 million euros ($259 million) of loans for
soft-drink maker Orangina that give up standard protection for
lenders, at a time when companies worldwide are abandoning
borrowing because of investor jitters.
Blackstone, manager of the world's biggest buyout fund, and
partner Lion Capital want to increase Paris-based Orangina's
debt to 1.7 billion euros, said two people involved in the
transaction. The LBO firms acquired Orangina in 2005 and plan to
pay themselves a 400 million-euro dividend, said the people, who
declined to be identified because the discussions are private.
Read more at Bloomberg Bonds News
LLP are seeking 192 million euros ($259 million) of loans for
soft-drink maker Orangina that give up standard protection for
lenders, at a time when companies worldwide are abandoning
borrowing because of investor jitters.
Blackstone, manager of the world's biggest buyout fund, and
partner Lion Capital want to increase Paris-based Orangina's
debt to 1.7 billion euros, said two people involved in the
transaction. The LBO firms acquired Orangina in 2005 and plan to
pay themselves a 400 million-euro dividend, said the people, who
declined to be identified because the discussions are private.
Read more at Bloomberg Bonds News
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