Veritas Revises Financing for Planned Acquisition of Bodycote
Veritas Capital has amended the financing structure for its proposed takeover of British thermal-processing company Bodycote, bringing Barclays and HSBC into the lending syndicate and lowering its equity commitment following a foreign-exchange hedge.
The revised arrangement reduces Veritas’ equity contribution from approximately €1.35 billion to €1.16 billion. The adjustment reflects…
