Deals
Etex Lenders Market $1.9 Billion of Loans to Buy Lafarge Assets
This article is for subscribers only.
Lenders to Etex Group, a Belgian manufacturer of building products, are marketing 1.3 billion euros ($1.9 billion) of loans to help fund its purchase of gypsum assets from Lafarge SA.
The financing includes a five-year 550 million-euro revolving credit, a three-year 300 million-euro term loan, and a one-year 450 million-euro bridge loan due to be refinanced with bonds, according to a person with direct knowledge of the deal.