Dufry scales back commitments on $1bn M&A loan after closing deal oversubscribed

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Dufry scales back commitments on $1bn M&A loan after closing deal oversubscribed

Swiss travel retail firm Dufry has closed syndication of a $1bn loan it used to back the takeover of assets in South America and Armenia. The five year multi-currency line was underwritten by nine banks, but after the deal was oversubscribed in syndication all lenders have had their commitments scaled back.

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