3i taps debt markets for Dutch dividend

UK-listed firm is the latest to take advantage of lender appetite to secure a dividend for discount retailer Action

UK-listed private equity firm 3i Group has become the latest in a growing number of firms to tap buoyant debt markets to help pay itself a dividend, completing a €275 million refinancing for its Dutch discount retailer Action.

In a statement issued on Wednesday, 3i said it had completed and syndicated a €275 million loan for the Dutch discount retailer, which has increased the company's senior debt facilities to €621 million.

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