Sainsbury’s refinances revolver in brighter times
J Sainsbury, the UK supermarket chain, has refinanced a revolving credit facility with a new, larger revolver amid a far rosier picture for the company than when the last deal was signed.
The unrated borrower signed a £1.45bn facility that has three, four and five year tranches, with the longest due to mature in April 2023.
Rabobank, which specialises in the food sector, was co-ordinator and lead arranger for the club of 12 banks in the lending group.
Please take a trial or subscribe to access this content.
Contact our subscriptions team to discuss your access: firstname.lastname@example.org
To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: email@example.com or find out more online here.