date:Jun 23, 2014
ential listing, the bankers said.
The deal consists of up to 1.1 billion euros of leveraged loans and up to 750 million euros of high yield bonds, which will be denominated in euros and sterling, they added.
Permira declined to comment.
The refinancing is being done on a covenant-lite basis and does not include traditional maintenance covenants that protect investors.
European investors initially protested against covenant-lite loans, which are common in the US, but have become more willing