EWE increases revolver refi after scalebacks
German utility EWE (A2) has increased its new five year revolving credit facility to Eu850m after receiving good demand in syndication. Barclays, BNP Paribas and Commerzbank arranged the loan, which was signed on Tuesday.
EWE originally launched the facility at Eu750m and received commitments from existing and new lenders. All participating banks were scaled back. The company expects the facility to remain largely undrawn. It is replacing a loan that was set to mature in May 2013.
Initially the facility will offer a
Please take a trial or subscribe to access this content.
Contact our subscriptions team to discuss your access: firstname.lastname@example.org
To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: email@example.com or find out more online here.