Reported 4 months ago
Italian financial services specialist DoValue SpA is close to finalizing a €450 million financing agreement with a group of banks, a crucial step in completing a deal with Elliott Investment Management’s Gardant SpA servicing unit. The funding will include a revolving credit facility of up to €100 million, with plans to use the funds for the cash component of the purchase price and to repay a bond due next year. This deal would make Elliott the second-largest shareholder in DoValue and is expected to be finalized after September.
Source: YAHOO