date:Jun 29, 2012
t of Iglo.
One such option could be refinancing Iglo's debt to raise moneyto pay Permira a dividend, Reuters reported. Bankers who hadbeen working on a financing package of up to 2.4 billion eurosto back a new deal are said to believe that a so-called dividendrecapitalization is a viable option, despite the fact they havebeen little used since the credit crisis.
At the end of 2011, Iglo had net debt of some 1.4 billion euros,equating to around four times the company's projected 2012earnings be