Mon 02/07/2022 13:17 PM
Relevant Items:Preliminary OM
Covenant Analysis
Italian provider of risk and marketing intelligence and credit management solutions Cerved Group SpA is offering €1.4 billion in fixed and floating rate senior secured notes due 2029 to refinance bridge loans incurred by ION Investment for its acquisition and to repay certain existing debt.
The covenant package is aggressive and builds in up to 1.19x capacity headroom on day one for ratio-based debt incurred and restricted payments, and for use...
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