Terra Firma planning £475m Odeon bond issue
Terra Firma is planning to refinance is Odean and UCI Cinema business with a £475m bond sale, according to reports.
The news comes despite Terra Firma being in talks to sell the cinema chain, with BC Partners and Omers Private Equity said to be interested in the company.
Terra Firma is hoping to net at least £1.2bn from the sale, though BC Partners is thought to only be prepared to pay up to £1bn. However, today's news may prompt bidders to up their offers.
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