Advent Seeks to Sell Up to €1.5 Billion of InPost Buyout Loan to Banks
Updated
Updated · Bloomberg · May 15
Advent Seeks to Sell Up to €1.5 Billion of InPost Buyout Loan to Banks
2 articles · Updated · Bloomberg · May 15
Advent International is preparing to place €1 billion to €1.5 billion of debt tied to the InPost acquisition with a group of international lenders, including Polish banks.
The sale would cover about a third of the €4.2 billion buyout loan backing the takeover of the Polish parcel-locker company before the remaining debt is marketed to institutional investors.
Expressions of interest from banks prompted the move, according to people familiar with the matter, giving Advent an early route to distribute part of the financing.
The InPost buyout is being led by Advent and FedEx, with the debt syndication marking the next financing step in the deal.
Will InPost's rapid expansion justify its massive debt, or is a financial reckoning for its new owners inevitable?
Can FedEx's costly InPost acquisition counter Amazon's dominance in the European last-mile delivery war?