Refinitiv loan increased, pricing and documents tweaked: Reuters
The term loan financing backing U.S. private equity firm Blackstone Group’s purchase of a 55 percent stake in Refinitiv, Thomson Reuters’ Financial and Risk division, has been increased to US$9.25 billion from US$8 billion and the high-yield bonds have been reduced, Reuters reported. A strong response from the loan market, particularly from the United States, also allowed pricing to be cut, and relatively minor investor-friendly changes to be made to the documents. The successful conclusion of the jumbo new-money loan is expected to set a positive tone for the market until the end of the year, bankers said.
17 September 2018•3 mins read
