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TRANSPORTATION: Evri (Secured; B2/B+) DEAL INCREASED; price talk

TRANSPORTATION

(NOT Everi/EVRI - who is a $ issuer gaming co.)
(Apollo deal)

Still at price talk, but deal size increased from £500m to £725m. All else unch below.
We assume it will pull back the euro term loan (expected £900m) on the upsizing.
Credit negative if not (co reported forward-looking net 4.9x will move to 5.5x).

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(NOT Everi/EVRI - who is a $ issuer gaming co.)
(Apollo deal)

Still at price talk, but deal size increased from £500m to £725m. All else unch below.
We assume it will pull back the euro term loan (expected £900m) on the upsizing.
Credit negative if not (co reported forward-looking net 4.9x will move to 5.5x).

Keep reading...Show less