Nestlé increases RCF to €4.5bn despite 10bp margin

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Nestlé increases RCF to €4.5bn despite 10bp margin

Switzerland’s Nestlé has increased the size of its revolving credit facility to €4.5bn, completing the refinancing of a €2bn line last week. The 364 day loan had been launched as a €4bn facility but was oversubscribed during syndication, despite a skinny 10bp initial margin.

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