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E.ON Generacion to launch €275 million term loan B on Wednesday
By Sara Rosenberg
New York, Feb. 27 – E.ON Generacion SLU (Genco) is scheduled to hold a bank meeting in London on Wednesday to launch a €275 million seven-year term loan B, according to a market source.
Barclays and J.P. Morgan Securities LLC are the bookrunners on the deal.
The term loan is talked at Euribor plus 525 basis points with an original issue discount of 98 to 99, the source said.
Proceeds will be used to help fund the acquisition of the company by Macquarie and Wren House.
E.ON Generacion is an owner of electrical power generation assets in Spain.
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