EUROPE/MIDDLE EAST/AFRICA

摘要

D'ieteren group is supporting its acquisition of Italian notebook company Moleskine with a five-year loan of up to €165m. The financing is being arranged by BNP Paribas and pays an initial margin of 190bp over Euribor, subsequently ratcheting on a net debt to Ebitda ratio. For 4.0 times or higher pricing is 290bp; for 3.5-4.0 times it is 240bp; for 3.0-3.5 times it is 190bp; for 2.5-3.0 times it is 165bp; for 2.0-2.5 times it is 140bp; for 1.5-2.0 times it is 127.5bp; and for below 1.5 times it is 115bp.