AutoScout scores strong syndication despite high leverage
![Scout24_PA_230x150](https://assets.euromoneydigital.com/dims4/default/741ee77/2147483647/strip/true/crop/230x150+0+0/resize/840x548!/quality/90/?url=http%3A%2F%2Feuromoney-brightspot.s3.amazonaws.com%2Fd5%2F7f%2F9a29436ab1aac8794d0047766c71%2Fscout24-pa-230x150.jpg)
The syndication of loans to fund Hellman & Friedman’s carve-out of AutoScout24 has seen strong demand, sufficient to support pricing through the tight end of talk on both tranches. The deal has also been recut to squeeze out a larger first lien, cutting the cost of a deal that is among the most levered public issues seen in Europe since the 2007-08 financial crisis.
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