Apax takes $137m dividend as Trade Me refinances via term loans
S&P Global Ratings assigns ‘B-’ rating for issuance on predicted cashflow strength.
Will Mace
Thu, 30 Sep 2021
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.
Trade Me Group is planning to issue $1.55 billion worth of term loans to refinance its debt and shareholder loan, with its owner, Apax Partners, directly benefitting from the refinancing through a $137 million dividend.
The refinancing was reported by S&P Global Ratings last night, as the agency
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Will Mace
Thu, 30 Sep 2021
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.
