Bending Spoons Sweetens Terms on AOL Buyout Financing Deal
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Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Italian tech startup Bending Spoons has significantly improved the terms it is offering to investors on an acquisition financing packageBloomberg Terminal of as much as $1.35 billion.The company, which is in the market to finance the acquisitions of AOL, Vimeo and Eventbrite, is now offering 587.5 basis points over the benchmark SOFR borrowing rate on a new dollar loan, according to a person with knowledge of the transaction. It’s also proposing 587.5 basis points over Euribor on a euro loan, the person added.