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Underwriters reprice loans for PEP-backed companies

privateequitywire

1 month ago

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Financing packages arranged for companies backed by Australia’s Pacific Equity Partners (PEP) have been repriced higher, with banks increasing margins and adjusting maturities as investor appetite for leveraged debt shifts, according to a report by Bloomberg.
The report cites unnamed people familiar with the matter as revealing that underwriters have raised pricing on two proposed facilities — a AUD565m loan for education resources supplier Modern Star Holdings Bidco Pty, and a AUD310 million fa...

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