7 days ago
Boots Increases Dollar Loan Offering, Further Trims Bond Size
Banks selling the term loans backing Sycamore Partners ' acquisition of Boots have increased the minimum size of the dollar-denominated portion, while cutting the overall size of its bond issuance for the second time.
The pharmacy chain upsized its dollar-denominated term loan B on Thursday to $1 billion from $750 million. It also trimmed its secured notes by $250 million-equivalent. As a result, the Boots Group 's total term loan B package now stands at $3 billion-equivalent, up from $2.75 billion.
