More M&A to come as borrowers take confidence from BHP and Sanofi

A glut of corporate borrowers could be tempted to bring acquisition deals to the European market, having seen the success of recent acquisition loans. Bankers expect M&A activity to increase as borrowers take confidence from a BHP Billiton’s $45bn facility backing its hostile bid for Potash Corp and a syndicated loan supporting Sanofi-Aventi’s offer for Genzyme.