HURST GROUP launched a £57m high yield bond this week to refinance £60m of mezzanine debt raised by buy-out specialist BC Partners in its acquisition of the UK publishing group. Deutsche Bank provided the original £60m of mezzanine debt, which the £57m bond replaces, as part of its £185m underwriting of the acquisition financing package. The balance will be refinanced by syndicated loans to be launched after the summer break.
July 31, 1998