Stemcor casts syndication net wide for $650m refi

Steel trader Stemcor launched a new $650m credit facility on Tuesday, looking to follow in the footsteps of other commodities trading firms that have already successfully priced deals so far this year.

  • 23 Mar 2011

The one and three year facility has been launched to a large group of banks, including those that participated in the existing $562m 364 day line maturing in May that this new facility will replace.

Some 37 banks participated in that outstanding loan, which was led by ABN ...

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