Dixi stockholders approved raising a $200m syndicated loan at an extraordinary meeting held on Monday, according to the company’s announcement. 96.38% of stockholders present at the meeting voted for this decision. Citibank N.A. has been appointed arranger and bookrunner on the facility. The credit line will pay no more than 450bp over Libor.
Issuer profile: Primay shareholder - Dixy Holding Limited.
Dixy Group is engaged in retail sales. Currently the networks includes 338 stores. Consolidated turnover of the group in 2006 equaled $1 bln. Net reveneu decreased by 11% from $10.1 mln to $9 mln.
