Reuters reported Dutch-based retailer Action needs to refinance exisiting debt and pay out a dividend to shareholders, which has caused it to initiate a €2.4 billion ($2.9 billion) leveraged loan.
According to Reuters, ABN AMRO, BNP Paribas, Deutsche Bank, ING, Natixis and Rabobank will lead the financing.
According to the company website, Action has about 1,100 stores across seven European countries.
