SITA STW launches syndication of £236m PF deal

BBVA, Crédit Agricole and Natixis have won the mandate to lead a £236m 26 year senior secured facility to support the construction of the SITA South Tyne and Wear waste water project.

  • 13 May 2011

The bookrunners and mandated lead arrangers have fully underwritten the loan, which was launched into general syndication last week. A select group of lenders, most of which are the sponsors’ relationship banks, have been invited to take tickets of Eu30m.

Pricing on the deal is between 280bp and ...

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