PAG Gets A$900 Million Loan to Buy Pub Operator Australian Venue
- Loans to offer 400 basis points to 475 basis points spread
- Underwriters to syndicate over A$100 million at a later stage
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PAG Asia Capital has lined up A$900 million ($577 million) worth of senior-debt financing for the purchase of bar owner Australian Venue Co., according to people familiar with the matter.
The package comprises of a A$700 million five-year bank loan and a A$200 million six-year lending from credit funds, the people said, asking not to be identified as the matter is private.