Weir Group refis loans but banks demand higher margin

Mike Turner

June 30, 2020 02:30 pm

Adobe_iron_mining_230x150_06Feb20 — Heavy mining trucks and excavator working on the iron ore opencast mining facility | Maksym Dragunov/Maksym Dragunov - stock.adobe.com

Weir Group, the UK engineering company, has signed bank lines totalling $1.19bn, but amid coronavirus-related market volatility, banks required a higher margin than on the deal being refinanced.

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Syndicated Loans JP Morgan Health and Biotech BNP Paribas Wells Fargo Securities Investment Grade Loans Barclays HSBC SRI Goldman Sachs

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Mike Turner

Corporate Debt Editor