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Lonza Specialty Chemicals leads out heavy dealflow


By Owen Sanderson
01.30 PM
Another heavy primary week in European leveraged finance swung into action on Monday, with the bond leg of the buy-out financing for Bain and Cinven’s Sfr4.2bn purchase of Lonza Specialty Chemicals among the highlights.
Deutsche Bank is left lead and sole physical on the $350m seven year non-call three secured notes and €460m eight year non-call three unsecured the latter stretching the boundaries of normal LBO structures with a Caa2/CCC+ rating out of the gate.Though it’s usual to structure down
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