BASF twice covered despite 27.5bp margin
A €3bn facility for Germany’s BASF, which carries a margin of just 27.5bp, has been around twice subscribed in syndication. Commitments of €6bn have been pulled in for the deal, one of the tightest in the loan market since 2008, despite the volatility that has hit wider markets, and lenders’ will see their tickets scaled back.
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