Saint-Gobain raises Eu4bn and takes Eu500m increase
Compagnie de Saint-Gobain provided fresh confirmation of the loan market’s renewed strength this week after it raised Eu3.9bn of commitments from 24 banks for its Eu2bn refinancing deal. The success came despite some concerns initially that Saint-Gobain, rated Baa1/BBB+/BBB+, was being too aggressive.
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