E.On banks face scale-backs after revolver’s 100% hit rate

Lenders on E.On’s Eu6bn five year revolver will see their commitments scaled back by around 15% after the German utility achieved a 100% hit rate during syndication.

  • 15 Oct 2010

The deal for the A2/A rated borrower is expected to be signed next week. Banks that participated at the level of Eu280m have been scaled back almost to Eu240m while the Eu140m commitments have been cut to just below Eu120m.

Barclays Capital and Deutsche have co-ordinator titles on ...

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