Nyrstar digs up €400m trade finance line
Nyrstar, the Belgian mining and metals firm, has signed a new multi-currency €400m commodity trade finance facility, arranged by Deutsche Bank. The four year loan, which has an accordion feature allowing it to be increased to €750m, has a margin of 185bp over Euribor.
Syndication was well oversubscribed, with lenders’ commitments scaled back to the €400m target amount.
Alongside Deutsche Bank, which was the co-ordinating mandated lead arranger and sole bookrunner, ABN Amro, BNP Paribas, Goldman Sachs, KBC, RBC Capital Markets, Société Générale and UBS were mandated lead arrangers.
Bank of America
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