BAML to syndicate €4bn Safran-Zodiac bridge, refi later

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BAML to syndicate €4bn Safran-Zodiac bridge, refi later

Safran engine from corp media gallery 230x134

Bank of America Merrill Lynch will soon syndicate a €4bn bridge loan it has underwritten to back French aerospace group Safran’s acquisition of Zodiac Aerospace, the French maker of aircraft seats and interiors. The two companies want to leapfrog up the pecking order of aircraft parts suppliers.

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