Vaillant draws on acquisition (TT JanFeb05 p46-47)

The Vaillant Hepworth transaction, which included a €325m term loan and a €300m revolving credit facility, was arranged to refinance €830m of leveraged acquisition facilities. It was recognised by The Treasurer’s voters and its Deals of the Year panel of judges for its speed of execution and the fact that it was nearly 60% oversubscribed.