Apax Said to Offer Orange Switzerland Buyout Loans at 99%
February 08, 2012, 10:03 AM ESTBy Patricia Kuo
Feb. 7 (Bloomberg) -- Apax Partners LLP plans to offer some of the leveraged loans used to back the buyout of France Telecom SA’s Orange Switzerland mobile phone unit at 99 percent of face value, according to two people with knowledge of the deal.
The discount applies to 218 million Swiss francs of seven- year term loans targeting non-bank lenders, said the people.
To contact the reporter on this story: Patricia Kuo in London at pkuo2@bloomberg.net
To contact the editor responsible for this story: Michael Shanahan at mshanahan3@bloomberg.net
