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.

  • 27 Mar 2013

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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Rank Lead Manager/Arranger Share % by Volume
1 Societe Generale 41.30
2 Rabobank 35.35
3 Morgan Stanley 11.45
4 BNP Paribas 5.95
4 Credit Agricole 5.95

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1 SG Corporate & Investment Banking 1,260.06 2 126,006,164,037.19%
2 Rabobank 1,081.86 1 108,185,922,974.77%
3 Wells Fargo Securities 430.57 1 43,057,020,785.00%
4 SK Securities 192.86 1 19,286,162,593.99%
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