Some 16 co-arrangers have already committed to the Goldman Sachs arranged Eu1.135bn debt backing the leveraged recapitalisation of the Elis Group, the French laundry company. The co-arrangers include five European non-bank investors committed to the Eu400m eight year bullet term loan (term 'B') - a feat the arranger claims is a first for the European leveraged loan market in that it is European funds' largest commitment on aggregate to date to a European deal. "We see them as very much part of the future of the European loan market," said one banker in London.
April 28, 2000
