Dufry closes syndication of $1bn M&A deal

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Dufry closes syndication of $1bn M&A deal

Swiss travel retail firm Dufry has closed the syndication of a $1bn loan that it has used to back the takeover of assets in South America and Armenia. The five year multicurrency line was underwritten by nine banks, but after the deal was oversubscribed in syndication all lenders have had their commitments scaled back.

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