Louis Dreyfus signs, avoids looming dollar funding fears

Commodities trading firm Louis Dreyfus increased a three-year facility from a planned $600m to $800m before signing the deal early this week. But bankers close to the transaction say that commodities trading firms could face challenges accessing bank funding in the new year.

  • 16 Dec 2011

These companies have traditionally held the majority of their loan facilities in US dollars, a currency that banks have faced difficulty when accessing since September.

"This is not an easy sector to fund," said a senior loans banker in London. "There will be an issue next year, and ...

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