Update: bank list for $2bn Reed Elsevier forward start
Anglo-Dutch publisher Reed Elsevier signed its $2bn forward start facility this week, with a big majority of existing lenders extending their commitments. Of the 19 banks that came into the loan, one was a new lender, while only five of Reed’s current lenders declined to recommit.
The deal extends $2bn of a $3bn revolver, which matures in May 2010, for two years.
The forward start was coordinated by Barclays Capital and Royal Bank of Scotland. The other mandated lead arrangers are Bank of America-Merrill Lynch, Bank of Tokyo-Mitsubishi UFJ, BNP Paribas, Citi, Deutsche Bank,
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