Deals
BC Beats Credit Blues With $1.2 Billion Fedrigoni Financing
- Buyout firm has received commitments from Goldman-led group
- Bridge loan to fund deal will be refinanced through bond sale
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Private equity firm BC Partners is financing its acquisition of a stake in packaging firm Fedrigoni SpA with a bridge loan provided by a group of seven banks, according to people familiar with the matter.
The lenders, led by Goldman Sachs Group Inc., have provided commitments for a debt package of 1.18 billion euros ($1.2 billion), the people said, asking not to be identified because the talks are private. BC Partners plans to refinance the bridge loan later with the sale of bonds, they said.