Reed Elsevier: Buy our mags, we’ll lend you the cash

Posted by Paul McNally on 28 July 2008 at 10:19
Tags: Magazines, Media Business

Reed Elsevier is offering a $330m high-interest loan to help potential bidders find the cash for its up-for-sale B2B publishing division, Reed Business Information.

According to the FT, the loan - at a rate of around 16 per cent - has been offered to around two dozen private equity firms who have expressed an interest in RBI.

The paper says around half a dozen bids are expected. First-round bids are due in August.

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