Syndication success story for South Africa’s Naspers

Syndication on a $1.4bn five year refinancing deal for South African media group Naspers has had a warm response, according to several loans bankers. “It’s going very well,” said one. “It’s a good name.”

  • 16 Feb 2011
The borrower last approached the market in 2009 for a forward start facility. The transaction was an amendment to a £700m revolving credit facility signed in 2008. The deal was launched at $800m but, following a blowout response in syndication with the facility twice oversubscribed, it was increased ...

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