More M&A to come as borrowers take confidence from BHP and Sanofi

A glut of corporate borrowers could be tempted to bring acquisition deals to the European market, having seen the success of recent acquisition loans. Bankers expect M&A activity to increase as borrowers take confidence from a BHP Billiton’s $45bn facility backing its hostile bid for Potash Corp and a syndicated loan supporting Sanofi-Aventi’s offer for Genzyme.

  • 31 Aug 2010
“We’ve really gone from famine to feast for new money deals,” said a loans banker. “The fact that these types of amounts can be obtained should give clients confidence that a lack of funding is not going to stop them making acquisitions. While we’ve been saying all year ...

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