L'Oreal targets direct Lenders to fund Body Shop sale

摘要

L'oreal is targeting direct lenders to provide up to €650m of leveraged loans to back a potential sale of British retailer the body shop, in a bid to provide certainty of debt funding and encourage possible buyers to submit an offer for the business. L'Oreal, which bought the company in 2006, hired Lazard on a sale process that is attracting a number of private equity funds who are lining up indicative bids ahead of a mid-April deadline.