Asda Stores Ltd.
Company: | ASDA Group |
Borrower: | Bellis Acquisition Company plc |
Facilities: | EUR Term Loan B due 2031 (7 yr) |
Currency: | EUR |
Size: | EUR 1,050m |
Call Protection: | 6m 101 SC |
Expected Ratings (M/S/F): | TBC |
Business: | Third largest grocery retailer in the UK , with a ~14% market share and significant real estate backing |
UoP: | Proceeds from the EUR TLB, GBP 1,750m other senior secured debt and cash from balance sheet used to refinance majority of existing 2026 maturities and pay transaction related fees and expenses |
Physical Bookrunners, Joint GloCo & JBR: | Barc, DB, JPM, HSBC |
Joint GloCo & JBR: | BoC, BofA, Intesa, Lloyds, MS, NatWest, Rabo, SMBC, RBC |
JBR: | Citi |
Barc lead left on all tranches in this transaction | |
Agent: | Barc |
Dealsite: | Debtdomain |
GIC: | Tuesday, 23rd April 2024, 10am UKT |
Management Meetings | Tuesday, 23rd April 2024 & Wednesday, 24th April 2024 |
Commitments Due: | Thursday, 2nd May 2024, 12pm UKT |
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