Wed 11/30/2022 06:59 AM
Goldman Sachs is pre-placing some of the debt backing Unilever’s
sale of its tea business Ekaterra to CVC, sources told Reorg.
About 12 funds have taken debt tickets ranging from €200 million to €400 million in advance of a possible syndication. The debt is being sold at an 80 OID, sources said.
The debt has already traded on the secondary market in the low-80s, one source added.
The deal was signed in November 2021 and the amount to be paid for the business is thought to be €4.5...
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