Good demand for Terreal's €260m loan despite Brexit angst

In a week when the coming UK referendum is clouding capital markets, Terreal, the clay tiles and bricks maker, has managed to tighten pricing on a €260m refinancing loan, reflecting healthy demand for French and German deals.

Park Square Capital and bookrunners and Goldman Sachs and ING offered Terreal’s €225m six year term loan ‘B’ with a 0% Euribor floor and a 99 original issue discount. The initial spread over Euribor was 600bp. It came at 575bp.
The deal also includes a €30m ...

Source Global Capiltal par  Victor Jimenez

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