Tue 09/28/2021 05:06 AM
Urbaser’s July €1.63 billion term loan B was one of the few deals to get
shelved this year despite supportive market conditions, after prospective investors struggled to get comfortable with the Spain-based waste collection, recycling and treatment company’s elevated capital expenditure spending and lack of cash generation, as
reported.
The revised deal features a largely similar structure with the term loan B reduced to €1.25 billion, resulting in 0.2x less leverage. However,
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