Relationships are forever: DeBeers’ restructuring closes

De Beers completed a financial restructuring this week, reducing its bank debt from $3.89bn to $2.64bn and extending its maturities after all its banks participated in the process.

  • 26 Mar 2010

The South African group, severely hit by falling demand for rough diamonds in late 2008, got a waiver last June to skip tests on its $3bn syndicated loan in the first phase of a wider restructuring.

As part of that, De Beers got an equity injection earlier this year, ...

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GlobalCapital European securitization league table

Rank Lead Manager/Arranger Share % by Volume
1 Societe Generale 41.30
2 Rabobank 35.35
3 Morgan Stanley 11.45
4 BNP Paribas 5.95
4 Credit Agricole 5.95

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1 SG Corporate & Investment Banking 1,260.06 2 126,006,164,037.19%
2 Rabobank 1,081.86 1 108,185,922,974.77%
3 Wells Fargo Securities 430.57 1 43,057,020,785.00%
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