Operator of Ireland’s most expensive school inks €2bn leveraged loans deal

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Nord Anglia Education raises debt in test of market appetite via IrishTimesBiz

The business was taken off the stock market in 2017 by Canada Pension Plan Investment Board and Baring Private Equity Asia, now part of buyout group EQT.

The euro loan pays 475 basis points over the benchmark euro area money market rate, while the dollar loan pays 450 bps above the benchmark US money market rate. Demand for riskier assets such as leveraged loans weakened last year in the face of geopolitical and macro headwinds, but with sentiment improving, firms are once again trying to entice investors in with attractive terms.

 

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