SAP banks could face scalebacks after deal is heavily oversusbcribed during syndication

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SAP banks could face scalebacks after deal is heavily oversusbcribed during syndication

A five year Eu1.5bn revolving credit facility for SAP, the German software firm, is likely to be oversubscribed after a successful syndication process. Although it has not yet been decided whether the borrower will increase the size of the credit line, bankers working on the facility say that scalebacks are likely.

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