The acquisition of French smartcard maker Oberthur Technologies by Advent International will be supported by a €770 million loan, Reuters reports. The debt package, which will be launched in the next couple of days, is being arranged by Barclays, Lloyds Banking Group and Royal Bank of Canada. The loan consists of a €135 million term loan A, a €475 million term loan B, a €60 million revolving credit facility and a €100 million euro acquisition facility. All the facilities are due to mature in six years, apart from term loan B that will mature in seven years.
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