Adevinta senior facilities and bonds to be repaid with buyout

By Sara Rosenberg

New York, Nov. 21 – Adevinta ASA’s senior facilities are expected to be repaid and canceled, and its €660 million senior secured notes due 2025 and €400 million senior secured notes due 2027 are expected to be redeemed in connection with the acquisition of the company by Permira and Blackstone, according to a news release.

Under the agreement, Permira and Blackstone, as well as General Atlantic and TCV, are making a voluntary tender offer to acquire all of the outstanding ordinary class A shares in Adevinta for NOK 115. The transaction has an equity value of about NOK 141 billion.

There is a 20-day go-shop period.

Closing is expected in the second quarter of 2024, following receipt of regulatory approvals.

Adevinta is an online classifieds platform.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.