Snam in repricing talks for jumbo spin-off facility
Snam, the Italian gas transport network, is speaking to its banks about repricing the remainder of the jumbo €9bn loan transaction it signed in July last year.
The Baa1/A- rated firm is looking to cut the margins on the remaining three tranches of the loan, but is hoping not to pay any extra fees to banks agreeing to the amendment.
“Snam paid a lot of fees last year, so it doesn’t want to have to shell
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