Edeka set to sign Eu150m loan after oversubscription
German food retailer Edeka Nordbayern-Sachsen-Thüringer is in the market with a Eu150m loan facility to replace its outstanding bilateral lines. The Eu100m term loan and Eu50m revolver, which will mature at the end of 2013, are being arranged by BayernLB, Commerzbank, DZ Bank and WestLB. The deal is expected to be signed imminently.
The borrower approached its existing lenders as well as new banks, and as the deal has been oversubscribed during syndication it may yet be increased.
In 2005, Edeka Nordbayern-Sachsen Thüringer signed a Eu100m five year facility with BayernLB, Commerzbank, DZ Bank, Bankhaus Max Flessa, HSH Nordbank and LBBW, paying
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