Silk Bidco AS today announced that it is updating the market on certain trading information.
Tromsø, 22 January 2018Silk Bidco AS also made the following statement:
“Taking advantage of the strong conditions in the European debt markets at the moment, we are today launching syndication of new loan facilities which will refinance our existing senior secured notes and revolving credit facility. The new facilities will consist of a 7 year €575 million term loan facility and a 6 year €85 million revolving credit facility. The facilities are currently expected to close and fund at the end of February or the start of March, and in any event after the redemption price of our existing senior secured notes steps down in mid-February."