Enel €5bn revolver raises parched loan market hopes of early refi wave

A €5bn revolving credit facility launched by Italian utility Enel has offered loans bankers a glimmer of hope that a spate of borrowers could refinance upcoming maturities very early. Enel’s new loan is intended to replace a €10bn line that does not mature until April 2015, writes Nina Flitman.

  • 18 Jan 2013

The €5bn club deal from the Baa2/BBB+/BBB+ rated corporate has lifted the spirits of market participants, who long for a flow of borrowers refinancing their revolvers to bring some much needed relief to a market parched of issuance.

"Although it would be cheeky to try to refinance what was ...

Please take a trial or subscribe to access this content.

Contact Mark Goodes to discuss your access: mark.goodes@globalcapital.com

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: subs@globalcapital.com or find out more online here.

New! GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 Citi 7,171 21 10.72
2 Bank of America Merrill Lynch (BAML) 6,901 20 10.32
3 JP Morgan 4,776 10 7.14
4 Credit Suisse 4,718 9 7.05
5 Lloyds Bank 4,420 14 6.61

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Wells Fargo Securities 68,611.22 170 11.38%
2 Bank of America Merrill Lynch 59,056.08 169 9.80%
3 JPMorgan 56,861.85 163 9.43%
4 Citi 56,521.05 165 9.38%
5 Credit Suisse 44,888.95 123 7.45%