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Shutter on Fotolia's loan issuance remains open


US stock photo website Fotolia expects to revise the terms of its $300m-equivalent cross border deal by tomorrow. Final commitments to the company's new debt package were meant to come in by Friday, but difficult market conditions in the US — namely the rates volatility seen after repeated indications from the Federal Reserve of the central bank's hope to start reducing quantitative easing this year — have slowed down the process, said a loans banker close to the deal.

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