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Europcar raises €550m for Eurazeo LBO

Europcar, the car hire company, has priced a €550m ($701m) high-yield bond to help fund its buyout by French private equity buyer Eurazeo.

The bond is part of a €3.46bn financing package put together by BNP Paribas, Calyon, Deutsche Bank and SG Corporate and Investment Banking. The package also includes a €2.66bn securitisation and a €250m credit facility.

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