Michelin locks in Fenner financing

© 2025 GlobalCapital, Derivia Intelligence Limited, company number 15235970, 4 Bouverie Street, London, EC4Y 8AX. Part of the Delinian group. All rights reserved.

Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement | Event Participant Terms & Conditions

Cookies Settings
Syndicated Loans
Investment Grade Loans

Michelin locks in Fenner financing

Michael Turner
March 27, 2018 06:30 pm
Michelin PA 230x150
The Michelin truck tyre factory in Ballymena where staff were sent home earlier today after its closure was announced - a move which is set to cost 860 jobs. | Niall Carson/PA Archive/PA Images

Michelin, the French tire maker, has had a £1.2bn ($1.96bn) bridge loan underwritten and arranged by Morgan Stanley to finance its purchase of UK industrial belting manufacturer Fenner.

Unlock this article.

The content you are trying to view is exclusive to our subscribers.

To unlock this article:

Request a Free Trial or Login

Topics

Syndicated LoansMorgan StanleyInvestment Grade Loans
MT
Michael Turner
Gift this article