PXF amount more than met for Metinvest
Lenders have jumped at the chance to lend to Ukrainian metals firm Metinvest’s pre-export finance facility. The deal is still in documentation but is expected to sign soon for more than $500m, after launching into general syndication at $300m in January.
Theres been a huge take-up from the market, said a loans banker, adding that the deal size is somewhere around the middle of $500m and $600m.
This is well above the $350m that the firm was hoping to reach after the senior syndication phase closed in November.
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