LONDON, March 22 (Reuters) - Building materials
distributor Stark Group started selling a new 400 million euros
($431.56 million) loan on Wednesday, according to a memo seen by
Reuters.
The loan will mature in May 2028 and will be used to
refinance existing debt and repay amounts used under the
revolving credit facility, the memo said.
The new loan will pay 500 basis points (bps) over Euribor
and is offered at a price of 95 cents on the euro.
The debt sale is led by BNP Paribas and JP Morgan.
($1 = 0.9269 euros)
(Reporting by Chiara Elisei; editing by Dhara Ranasinghe)
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