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Amadeus Travel to bring approximately €1 billion bonds in 2005 first half to back LBO
By Paul A. Harris
St. Louis, March 1 - Amadeus Global Travel Distribution SA is expected to sell about €1 billion of high-yield bonds during the first half of 2005, according to market sources.
A source told Prospect News on Tuesday that the exact sizes of the bond deal and the company's credit facility remain to be determined; however, the bond deal is expected to be sizable.
Credit Suisse First Boston and BNP Paribas will be underwriters, with other investment banks also expected to play a part in the bond offering.
Proceeds will be used to back the leveraged buyout of the company by BC Partners and Cinven.
Amadeus Travel is a travel reservations firm based in Madrid, Spain.
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