(Reuters) - LONDON, July 23 - Banks and funds are considering
proposed changes to the 9 billion pounds financing backing the
buyout of UK health and beauty retailer Alliance Boots, with
margins boosted and discounts offered across the capital
structure to counter credit market turmoil, banking sources said
on Monday.
The deal will also add an interest cover covenant to the
covenant lite loan to offer additional protection to investors
spooked by a steep sell-off in the debt markets in recent weeks,
sources told Reuters Loan Pricing Corporation.
Read more at Reuters.com Bonds News
proposed changes to the 9 billion pounds financing backing the
buyout of UK health and beauty retailer Alliance Boots, with
margins boosted and discounts offered across the capital
structure to counter credit market turmoil, banking sources said
on Monday.
The deal will also add an interest cover covenant to the
covenant lite loan to offer additional protection to investors
spooked by a steep sell-off in the debt markets in recent weeks,
sources told Reuters Loan Pricing Corporation.
Read more at Reuters.com Bonds News
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