Norilsk Nickel revisits syndication for smaller tickets
Syndication for Russian metals and mining firm Norilsk Nickel’s increase of its recently signed $2.1bn revolving credit facility will close in the next week or so, said loans bankers.
The borrower signed a $2.1bn syndicated loan in June after approaching banks for $2bn. In May, 10 banks were approached for tickets of $200m each for a $1.5bn term loan and a $500m revolving credit facility.
Those banks were then scaled back. Although some lenders were unable to
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