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.
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
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.