Vet Firm IVC Evidensia Scraps $5.5 Billion Leveraged-Loan Deal
Europe’s largest veterinary services provider, IVC Evidensia Ltd., has shelved a plan to extend about $5.5 billion of debt, adding to a number of stalled leveraged loan deals this year.
A group of lenders led by Goldman Sachs Group Inc. launched the deal earlier this month, but withdrew the transaction from the syndicated market, according to people familiar with the matter, who asked not to be identified because they’re not authorized to speak publicly.