Private investors get a slice of $1.8b Foxtel-DAZN loan deal
Income Asset Management is giving private clients access to DAZN’s Foxtel loan by facilitating loans through syndicated debt deals.
Private wealth investors and family offices have been given access to the $1.8 billion syndicated corporate loan funding DAZN’s acquisition of Foxtel, via Income Asset Management (IAM).
IAM told Capital Brief it has participated in the deal and has sold about $20 million of the debt to its clients, a figure that could rise to $25 million.
The loan was arranged through a banking syndicate that included the big four banks — Commonwealth Bank, NAB, ANZ and Westpac — alongside major offshore lenders HSBC, Goldman Sachs, Bank of America, Citi and Société Générale. Also participating were unnamed family offices, as well as Australian and international institutional investors.
IAM manages around $2.5 billion in bond and loan assets. Its client base includes large financial advisory groups, stockbrokers, private clients, family offices, institutions and credit funds.
