Abbot deal wraps up after flex

Bank of Scotland, Goldman Sachs, Lloyds TSB and Royal Bank of Scotland have closed syndication of the leveraged financing for UK oil rig builder Abbot Group this week. The closure follows last week’s flex, which lifted $75m from the bridge facility into the senior ‘B’ and ‘C’ tranches. Read EuroWeek this week to find out if bankers and investors think the deal sets a favourable benchmark for forthcoming loans.